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Reply #49: The standard of living in the US... while presently declining... [View All]

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Fearless Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-13-09 11:33 AM
Response to Reply #46
49. The standard of living in the US... while presently declining...
Is head and shoulders over that of all three nations which pose a threat to us economically in the future, being of course China, Russia, and India, in that order. While particularly China and India have made huge advances in this respect, they do not yet command the consumption that we do per capita. Beyond the value of money in relation to what it was, beyond the price of a universally traded commodity of the same affect, beyond recession or depression, it is consumption which marks the power of a nation. For, a nation which cannot consume either what it makes or what it desires to buy is not powerful economically and is not necessary as a world power. The problem we have is a decline in this consumption. Think of what has occurred as a contraction. We overstretched ourselves both personally and as a nation and now we must knock down the dough that is our nation to produce a stronger and more savory bread.

Will this be the end of our superpowerdom? Perhaps. Does it matter? Not a bit. The fact is that another superpower could arise and if we play our cards right (which we haven't been politically) it wouldn't make a nickle's worth of difference. I'd cite most Western European nations as being consistently polled as the happiest people in the world. Isn't that what we're going for, not expensive cars and bulky bank accounts for the sake of them, but for the sake of happiness?

(You and I could debate the moral implications of such consumption, which I would agree with, but nevertheless it remains a marker of a powerful nation in a largely capitalist world.)
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