Quote:
Originally Posted by Clocker
One of the biggest causes for all of those problems is big government, and you say that the government, not the free market, is the solution?
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No doubt governments tend to screw things up. I think the free market would achieve the maximum long term growth rate and increase in standard of living for the world. But I'd fully expect that growth rate/standard of living increase to not be distributed equally by country.
That latter point is the part that the globalists left out.
The developing countries and large corporations gained significantly and the US worker, taxpayer, and trade balance took it where the sun never shines.
I am arguing that some theoretical benefit to everyone 30-50 years from now (we are already about 30 years into this) is not worth all the damage it caused to the American middle class. The rules were not fair, the agreements were not sound, and we got screwed.
I'm probably not smart enough to devise the perfect plan even if I dedicated all my energy to it, but I can tell when someone else has me bent over. To be honest, since I'm 58 and started saving for retirement many years ago, I'm sort of part of class that benefited via the stock market. So let's say I know when I have someone else bent over.
