(From an anonymous blogger)
The reason we are not coming out of this recession is we have lost our industrial base that made us the powerful country we once were.
In WWII when Japan attacked us, they were far superior in military might that we were. They did not fear our military, they feared our industrial capability to build an endless supply of weapons and field troops endlessly. ("I fear we have only awoken a sleeping giant.") Back then we had the edge because our economy was based on goods and services.
Since the 1980's when Ronald Reagan removed tariffs on foreign goods, businesses have begun moving overseas to take advantage of cheap labor, and remove the crippling greed of the labor unions, which when first organized, were a necessary entity in order to protect the worker from the robber barons.
Now, our economy is completely service based, leaving it volatile - we are at that "tipping point" of an economy having less income than goods are available.
It is impossible for government to not be involved in private business because we are all part of the government - we are all part of the community. Greed spawned this recession just as it did the Great Depression. But as an individual, I have no power to stop Wall Street from running companies into the ground to increase profit for rich share holders and insuring CEO bonuses.
It is obvious that the argument that we should leave big business alone to keep the best and brightest almost seems invalid. Obviously, big business is rewarding bad business practices more than they are the good. What happened to honest corporate governance?
Health care is out of control because of greed. Banks are out of control because of greed. Oil prices are out of control because of greed. Political power, profits and salaries rule this country...and soon (because of our national debt), China could.
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