Tuesday, June 29, 2010
The race to the bottom for the cheapest wages, massive unemployment, and a lack of concern for the environment? We spend a lot of cash throwing it at big rich companies and people and hoping that they'll throw some of that largess back down at us. Maybe instead of trickle down, we can trickle out- share goods and services more. This system here is breaking down for many people.
Even in China, where the high educational investment[there's no mention of debt, but in the US, huge educational debts are a growing problem] and low wage model combine, there are worries about social unrest as the people thrown out by that system fight back.