Sometime ago; I am the 1st to said that our nation is no independance!!
It is because, the energy we used are too dependance on Petrolium, which is reliaing on foreign imports. The fosil fuel economy have bought us to the become the economic super power of the world,. However, it is also because of us too much dependance on the fosil fuel to fuel our economy have brought us to the present great economy crisis.
In my letters to our presidents’ in the 90′s & 2000′s, I have mentioned that our Knowledge Base economy would have to be the locomotive of the our economy for the 22 century. The have & have not between the board of management’s & the base workers/Knowledge workers are too far of the gap!!.
Quoting the number from the reports’ that I read, the Executives income are over 1,100 times of the base workers. However, in the great depression in 1929, the gap is about 290 times.
In the early 2000′s I have spent sometime in understanding the MLM & so call network marketing, from there I realized that , the MLM the compensation programme already take roots in today American corporate. That is the basic cause of today economy crisis.
Just think about, any individual with conscense would really want to screw up their credits, loose their home, loose their jobs, loose their business; be on the street & put their life at risk?? The research figure by Milken Institute also revealed that we American are more atleast 200 times more productive than the last downturn in the late 80′s.
Looks , our PC at home today are much more powerful then the mainframe in early 90′s the IBM3033. The greeds are not at the bottoms as I mentioned in my speech in the 80-90′s. The greeds are actually @ the very top of our corporate & capitalism entities.
Think about it, people are the assets of the nations’ & on this world. If the my & large commoners are unable to survive, How could those, on the very top would be able to derive the multi-millions & Billions in their incomes??
The law of nature as Gotama said, you come to this world alone & when end of the present life. You have all our materialism acquired in this live time would be left behind, & you shall leaving with you your own karmic energy. Late Kenneth Lays of Enron is just a life example.
As my Guru Lao Zi said, Heavy Tax of the fellows citizen would lead to the collapse of the Nations.
In my opinion, our captialism system need to have a new Culture Revolution. It is not a sologan, it is the need to do it now, with heart & soul to bring our people out of the crisis & be a leader again to lead the world out of these mess.
I have reason to believes that our economy would not be totally recovered as fast as in3-5 years.
This is based on my research on the case of the last economy crisis of Japan. In 1983, I said at the “Oversea Graduate Association Conference in Tokyo Japan”, while Nikeii index is growing like rocket, I reasons it to their multi-national corporate elites that the time would come the Japan economy would crash!! That you see in the 90′s Japan almost took 12 years to recover. With then our world economy leadership are still take firm roots.
But however, now we are real sick ourself. The medicines given in my opinion are not really solving the the roots of the illness.
President Obama would need the new team of think tanks & economy field generals who understand the cause of the conflicts between Landbase eConomy & the e-Economy. & work on the solutions
Otherwise, it would just like the 2001-2003 the .com become .bom that down turn, a even greater economy crisis in the making.