Do we have a real economy in the US? Is there hope for good jobs at decent wages? What's the deal?
China is the deal--it's the new, "New Deal." Sadly, the US economy is going down tubes--it turns out you really can't make a living from flipping houses and buying/selling credit default swaps. And manufacturing is not in the cards. Manufacture what? Green technology? China does it better, cheaper. Autos--see Japan. The stuff Wal-Mart sells--China. Besides, manufacturing something is a lot of work, what with plants, workers, products. Which leads us to the biggest sector in the US economy-Finances. No plant, no workers, and no products that can be bought in a store.
Harvard and Yale now have a majority of business majors--these potential greedsters/fraudsters invariably go to Wall Street, seeking their fortunes and bonuses as hedge fund people, commodity speculators, bubble creators, etc. In other words, our best are brightest are creating SHIT! Try living on that!
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