Originally posted by: WhipperSnapper
Our economy has become a hollow shell and the basis for our having widespread prosperity has been eviscerated.
Much of the nation's manufacturing base has been outsourced along with many white collar jobs and others have been filled by foreigners on H-1B and L-1 visas. In the meantime, we have allowed mass immigration, both legal and illegal, to fuel a population explosion which increases the strength of Malthusian forces. Consequently, many working class Americans have been displaced by illegals in formerly lower-middle class fields such as construction. So, it seems as though the ladders of upward mobility that the nation utilized in the past are no longer present. Since the supply of labor relative to capital has increased dramatically, the basis for Americans having middle class wages and a middle class standard of living is no longer present. (This is what's called
Global Labor Arbitrage.)
Also, we are in the midst of a Global Malthusian Crisis. The world's population, and, specifically, the population of people worldwide who are using oil has increased dramatically, raising the prices for energy resources. Here at home as a result of our own domestic population explosion, the price of energy has increased along with the cost of food. Some parts of the nation have reported water shortages and the increased population will put an increased strain on the environment in addition to increasing the burden on our nation's infrastructure.
That's why I have concluded that this is not an ordinary recession but rather the beginning of a structural change in our nation's economy. It is the start of a transformation of the United States into a third world country.
Our nation's problems are daunting and a tremendous amount of effort would be required to slow, stop, and reverse the trend. By the time Americans realize what is happening, if ever, it will be too late. In the meantime instead of identifying the nation's real economic problems the media and our politicians tell the people that the solution to their problems is better education (for non-existent job positions) and the sheeple gobble up that advice as though it were the new opium of the masses.
I predict that the U.S. will become the next India--overpopulated and impoverished. At best I think we'll end up like a South American country, perhaps like Brazil. The United States as we have known it--as a nation with a strong middle class and widespread prosperity--is over. It really doesn't matter much whether Obama or McCain wins the election; these problems are daunting and almost intractable. (For all intents and purposes, they are basically the same as far as the relevant issues are concerned.)