In today’s NY Times is an article that Americans are getting more thrifty. They reported this as if it was some kind of surprise. Of course Americans are spending less money, and it will continue to get worse — much worse. More and more people are losing jobs and even those with jobs are making less. Technology will continue to destroy jobs and companies will continue to send jobs to cheaper labor markets. Manufacturing will continue to leave America as companies try to find ways to make things cheaper and keep profits high. America companies (whatever that means anymore) are selling their products overseas but much of the world is suffering the same faith as America. This is a downward spiral that is not going to stop, and another example of why America is so doomed.
The middle class has been decimated and will continue to be so. More and more people do not even make a living wage. The rich have a grossly disproportionate amount of the total income in America. And when it comes to business selling their products, there is only so much that rich people can consume. Plus, the government is going to go after rich people with a vengeance in the decades to come. Not because they want to, but because they have the income and the government needs to collect lots more taxes.
As America Doomed has explain, it is all about jobs. Not just any job. Jobs have to make enough so that people have disposable income after expenses. Everybody needs to make a living wage. Income needs to be redistributed so that everybody has a minimum, lots of people have excess, and nobody has way more than they really need.
There is a big gang problem in the country. Cities are having more and more difficult time trying to control the gangs, and it is going to get worse. The solution to gang violence is good paying jobs. Without jobs and skills there is no other choice than for youth to organize. This organization may not look like the job your grandfather had, but make no mistake — it is work for the disenfranchised. Yet, this work cost the society much because it is based on crime. Let America keep building prisons and putting the oppressed into those prisons. It will eventually bankrupt the country. There will be more and more people that society has to care for. If society doesn’t find a way to help poor minorities go to school and find good jobs, that same society is going to pay a much higher price trying to keep them in prisons.
People think that capitalism is successful because it brings out the entrepreneur spirit in people. This is laughably wrong. For capitalism to work you have to have people with money and desire to buy products. Take away the demand and it doesn’t matter how much entrepreneur spirit exists. America thrived based on one of the largest middle classes in the world — not any more. This is why the increasing poor, diminishing middle class, and increasing rich people spells certain destruction for America.
America is doomed.
