Pretty good story here about what has been going on in China over the last decade or two.
Doubtless there will be some disagreement here...and inevitably someone will feel the need to turn this into a political battle, but the underlying message in this article is important enough it's worth sharing. Try and keep this discussion civil. The challenges the U.S. faces are bigger than any one person, or any one political party or ideology.
How are you personally preparing for a world in which the U.S. is an empire in decline relative to emerging economies in China, India, and Brazil?
I've been investing relatively heavily in India and China, and indirectly in Brazil, as well as in multinational companies that are positioned to benefit irrespective of the future of the U.S.
We can stick our heads in the sand and pretend this won't affect us in the long run while we continue to see manufacturing of increasingly complex products shift from the U.S. to China, and outsourced service sector jobs that mostly just require the ability to read and speak English continue to move to India...or we can choose to be proactive and progressive when it comes to education, fiscal policy, infrastructure and industrial development.
In many ways it seems the U.S. has become a nation of people who sit around and expect their life to be better than their parents' lives without putting in the effort necessary in education, and saving and investing for the future.
Doubtless there will be some disagreement here...and inevitably someone will feel the need to turn this into a political battle, but the underlying message in this article is important enough it's worth sharing. Try and keep this discussion civil. The challenges the U.S. faces are bigger than any one person, or any one political party or ideology.
How are you personally preparing for a world in which the U.S. is an empire in decline relative to emerging economies in China, India, and Brazil?
I've been investing relatively heavily in India and China, and indirectly in Brazil, as well as in multinational companies that are positioned to benefit irrespective of the future of the U.S.
We can stick our heads in the sand and pretend this won't affect us in the long run while we continue to see manufacturing of increasingly complex products shift from the U.S. to China, and outsourced service sector jobs that mostly just require the ability to read and speak English continue to move to India...or we can choose to be proactive and progressive when it comes to education, fiscal policy, infrastructure and industrial development.
In many ways it seems the U.S. has become a nation of people who sit around and expect their life to be better than their parents' lives without putting in the effort necessary in education, and saving and investing for the future.
For the most part I agree with the writer's assessment. I would dare to take it a step further and say one of our biggest challenges to get America back on track is to invest more in our youth. There are so many children growing up today by themselves, because Mom & Dad are busy working or one or both parents are completely absent. We can't rely on the world to teach our kids morality and work ethic. Many are left to pretty much fend for themselves which turns into playing X-box all day instead of studying or doing chores around the house. I'm not saying it's this way everywhere, but it is becoming more and more common place. Some would say we the parents have created alot of this by not understanding the difference between wants and needs. Many of us are living above our means then wondering why our kids seem lost these days. There are many, many reasons why America is in the shape she is in, but true change must start in our homes not in the White House IMHO.
and agree with your assessment about people in this country. As soon as the redistribute the current wealth that doesn't move off shore we're done.
