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Old 12-22-2013, 02:10 PM
 
6,324 posts, read 4,330,414 times
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Quote:
Originally Posted by texdav View Post
Non-sense, we are about at years end. In 2013 the capitalist market system in US created more wealth in 2013 than total wealth of china; the second largest economy. I would say we are definitely not collapsing to third world standards by any means. Just looking at individual giving not only to our people in need but the world's shows it far beyond what you call buying off anyone. Certainly we have never seen buying off people to stay at low level as any aim except for the disabled.I thinkperhaps we realize that disable can mean those with less than survival skills tho in a complex world demand higher skills but even then mostly they have to at least work.
You can't quote stats about wealth generation and have it mean anything. Most of that wealth never sees the pocket of an average worker. It is recirculated back into a money-making machine that generates even more money - and a lot of that goes to the Cayman Islands or other offshore tax haven. Approximately $27 trillion of our economy is sitting idle in offshore accounts. Economists have called this an "economic black hole" because it is not being put back into the economy, it is not being reinvested in business ventures, and it isn't being taxed to help the government pay for military and transportation expenses. Doesn't matter how much money the US generated if so much of it leaves the country and does nothing to build up our nation.

Yes, we are rapidly descending into third world status. If you want a bit of subtle proof of that, look around in many places, you'll notice empty malls but "dollar" stores springing up all over the place. It shows just how much the spending power of the average American has plummeted.

Plus our infrastructure is falling apart. It was designed to last 50 years and we're into the 70th year for some of our roads and bridges. Older cities have pipelines eroding and springing leaks. The electrical grid is more prone to outtages than before, etc. etc. The only reason we're NOT third world is because we've been able to rely on our 50-70 year-old infrastructure, but how long will that last without some major projects and serious expenditure?

We're not there yet, and it'll be awhile before we are, but if things don't change somehow, we will end up with modern day medievalism. In that regards, we're closer to it than you think.
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