The Rise And Fall Of America

[matthewyoung]

The President (whichever at any point in time) and Congress and most especially The Fed need to stay out the economy. It does just fine if left alone.

Some regulation is preferable to none. But some can very quickly become too much, which binds and confuses the free market.

 

[SunTrader]

Just like that Somali economy, I hear it's doing great because they don't have a fed and their President and parliament do stay out of the economy. I hear similar great things about Yemen's economy dues to their lack of government participation in their economy.

Then I suggest you get your hearing and rest of your head checked.

 

[SunTrader]

Some regulation is preferable to none. But some can very quickly become too much, which binds and confuses the free market.

Some regulation would be nice. We flew past that threshold almost a hundred years ago.

 

[matthewyoung]

Some regulation would be nice. We flew past that threshold almost a hundred years ago.

Governments tend to bloat. Has never been an exception.

 

[OddTrader]

https://elitetrader.com/et/threads/gop-lawmaker-says-country-being-run-by-idiots.317276/page-3

https://personalexcellence.co/blog/law-of-diminishing-returns/

How Natural Resources Boost the U.S. Economy

6 Natural Resources That Gave America a Head Start


By Kimberly Amadeo
Updated July 03, 2017

https://www.thebalance.com/how-natural-resources-boost-the-u-s-economy-3306228

People

America has more immigrants (43 million) than any other country. Most of the people who came had the courage and flexibility needed to survive in a new country. That’s one reason Americans are more willing to take risks. It's created lots of innovation, especially in technology. As a result, Silicon Valley is the world's leading tech center.

This cultural diversity is a strength in groups if people remember their common goals. That's because it brings fresh perspectives based on different experiences. But it takes the willingness to be open-minded and nonjudgmental about the value the differences bring.

President John F. Kennedy, the grandson of Irish immigrants, summed it up well when he call America, "a society of immigrants, each of whom had begun life anew, on an equal footing. This is the secret of America: a nation of people with the fresh memory of old traditions who dare to explore new frontiers...." (Source: “Society of Diversity,” U.S. Embassy.)

 

[OddTrader]

The meaning of America: "the purpose-driven experiment - Lincoln "

A Return to National Greatness

David Brooks FEB. 3, 2017


https://www.nytimes.com/2017/02/03/opinion/a-return-to-national-greatness.html

We can argue about immigration and trade and foreign policy, but nothing will be right until we restore and revive the meaning of America. Are we still the purpose-driven experiment Lincoln described and Emma Lazarus wrote about: assigned by providence to spread democracy and prosperity; to welcome the stranger; to be brother and sister to the whole human race; and to look after one another because we are all important in this common project?

Or are we just another nation, hunkered down in a fearful world?

https://en.wikipedia.org/wiki/Emma_Lazarus

Lines from her sonnet The New Colossus appear on a bronze plaque in the pedestal of the Statue of Liberty which was placed in 1903.[3] The sonnet was written in 1883 and donated to an auction, conducted by the "Art Loan Fund Exhibition in Aid of the Bartholdi Pedestal Fund for the Statue of Liberty" in order to raise funds to build the pedestal.[b,c] Lazarus' close friend Rose Hawthorne Lathrop was inspired by "The New Colossus" to found the Dominican Sisters of Hawthorne.[25]

The American Experiment: The Vineyard of Liberty, The Workshop of ... - Google Books Result
https://books.google.com.au/books?isbn=148043020X
James MacGregor Burns - ‎2013 - 2722 pages - History
Had they lost sight of the values that were being tested, of the purpose of the great experiment that Washington and Hamilton and Jefferson had launched eighty-seven years before? ... Lincoln and his party were driven to the home of Judge Wills, where they met up with Edward Everett, who was to give the main address.

 

[Sig]

Then I suggest you get your hearing and rest of your head checked.

Well please enlighten me then. According to you government bad, no government or government not involved in economy good. Those are the 2 countries in the world that currently have the least amount of government and government involvement in their economy. And to paraphrase, you seem to agree that they are holes of at least some sort. On the flip side, all the major economies of the world have significant government involvement in those economies, and yet they are indeed the world's major economies. Seems your philosophy is just that, not something that can withstand contact with the real world. The real world, as I keep pointing out to you and you keep ignoring, is complicated and requires nuanced thought, not naive simplistic slogans.

By the way I just had my flight physical and my audiogram actually had a couple of -10s with the rest 0, so while I appreciate your concern about my hearing you can rest easy. I admit I haven't had a mental exam, but unlike some of us I still seem to be able to detect sarcasm, so there's that.

 

[Humpy]

It should be a major worry to the USA how China has managed to catch up from a peasant economy, in only 40 years.
Maybe democracy has more defects than realised and is slowing down progress ?
But of course autocracy limits freedoms of speech etc.

 

[Sig]

It should be a major worry to the USA how China has managed to catch up from a peasant economy, in only 40 years.
Maybe democracy has more defects than realised and is slowing down progress ?
But of course autocracy limits freedoms of speech etc.

I'd use the term "catch-up" pretty loosely. US GDP per capita is $57,000, China's is $8,000, and the U.S. achieves that without the staggering levels of pollution, corruption, inequality, loss of freedom..... that Chinese face. I just have to push back on this "China is taking over the world" meme because in reality while it's made impressive strides you can't just extrapolate out the line on the graph to China ruling the world in X years as the pundits seem so fond of doing.

 

[OddTrader]

It should be a major worry to the USA how China has managed to catch up from a peasant economy, in only 40 years.
Maybe democracy has more defects than realised and is slowing down progress ?
But of course autocracy limits freedoms of speech etc.

1. For the US System

https://elitetrader.com/et/threads/gop-lawmaker-says-country-being-run-by-idiots.317276/page-3

If everyone is entitled to have a projection, one might think the 10% primary turnout of combining conservative (pro-gun) and evangelical (pro-life) voters due to their strong willpower collectively would easily determine the future of the US possibly in the next 100 years, if not longer.

Unless certain fundamental changes structurally would be done! lol

http://www.pewresearch.org/fact-tan...primary-season-but-just-short-of-2008-record/

2. For the China System

Hopefully, the mainland China government has learned enough from the Taiwan government for the transition process of how to transform from a single party system into a two major parties system.

And the whole China in the foreseeable future would use a two major parties system after these two states (mainland and Taiwan) later to be unified/ merged without requiring any war/force.

3. imo, ideally there should be just Continental Blocks: America, Asia/Australia, Europe/Russia, Africa/Middle East/India. And Natural Borders for each Continental Block.

National borders in the current form would be just causing more conflicts and troubles. lol