> Did you mean to say “when people have nothing to fall back on”?
This is better than sitting doing nothing, starving, and waiting for a handout to come, as happened in many, many countries.
My strongest belief is that America needs an economic shock therapy, to spring out of economic lethargy.
Lets face it. America is no longer the financial superpower. China is currently world biggest foreign investor, and creditor, and has banks that make Morgan's balance sheet look like pocket change.
Betting on banks to lead America's return to prominence is futile. It's akin to trying to wing a card game against a professional card trickster who lives off ripping off casinos.
Nor is the dream of service the dream of "service economy" feeding much of the country materialised. You can't earn much FX selling McKinsey consultants, nor are they are much needed around the world, because the world doesn't have American problems.
This is better than sitting doing nothing, starving, and waiting for a handout to come, as happened in many, many countries.
My strongest belief is that America needs an economic shock therapy, to spring out of economic lethargy.
Lets face it. America is no longer the financial superpower. China is currently world biggest foreign investor, and creditor, and has banks that make Morgan's balance sheet look like pocket change.
Betting on banks to lead America's return to prominence is futile. It's akin to trying to wing a card game against a professional card trickster who lives off ripping off casinos.
Nor is the dream of service the dream of "service economy" feeding much of the country materialised. You can't earn much FX selling McKinsey consultants, nor are they are much needed around the world, because the world doesn't have American problems.