Can't answer as I don't know about the Germans, et al. Americans need them because we haven't acknowledged that we MADE OUT LIKE BANDITS for decades... lightly educated workers got a job and made superior wages for doing unskilled labor.... that time has passed, though nobody wants to acknowledge it and adjust.
you answered the question but your solution is the same solution that every 2 bit south american dictator and communist dictator have evoked for decades. the result has have always been crumbling economies. the US is broke because of its debt and because f continued government meddling in the productive sectors ie the private sector and the continued growth of the non productive resource sucking public sector. until this situation is recognized the US will lurch from one crisis to another.
"My" solution? What solution?? I didn't offer one.... I only asked the question. I was hoping YOU had the answer/solution...
the answer is to shrink the public sector at all levels. the fed should be abolished. no government ownership or quasiownership as in fannie mae should be allowed. accept the fact that there are business and economic cycles which are needed to wash out the excesses. you were one who suggested capital controls as a possiblity.
I am finding myself more and more in agreement with zdreg and Scat. I must be going nuts! Still the thought haunts me, that the immediate problems are not the result of too much government interference, but of too little. Capital- ; social ; commun- ist. Are we all doomed by human nature?
No, I didn't. I only asked the question, "how can we not?" It's one of the facilitators, but doing so complicates our relationship with China... upon whom we are dependent to keep buying our debt to support our stupid "borrow and spend" lifestyle.
I give the US a good chance for a strong rebound, if they would legalize all drugs. What a waste of billions and billions of money, effort and millions of people, with 0 results. The rest is peanuts, except maybe abolishment of income adn corporate tax in favor of the 25% fed. sales tax.
the answer with the exception of Chile is they produce goods with a high technological content that the chinese are incapable of producing.
What's interesting about that link is that #1 zimbabwe has out of control inflation, and #2 Japan has deflation. You wouldn't think it'd be that way