Monday, August 15, 2005


The rest of the world produces, and America consumes. Well, what exactly does America make anymore? We're not that great at making cars, or computers, or anything high-tech. And we're too high and mighty to go into manufacturing - textile, etc. We're going to end up as a nation good at making only block-buster movies and rap music. While the rest of the world - especially China and India - have made economies favoring production and exports, we have an economic structure that is based on solely consumption. Our economic stays afloat with the real estate market, and only 40% of all housing purchases are made by people who actually bought houses to live in. The rest is all speculation. There is something wrong with this picture.


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