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Save our Economy? Is it even possible? Is this the death of prosperity?
Watch this video: http://www.youtube.com/watch?feature=player_embedded&v=QPKKQnijnsM#t=0s
For as long as the top 1% of Americans control 40% or more of the nation's wealth . . . do we even have a reason to hope for the future? We have always believed that our future would be much better than our past, but will it? As the middle class shrinks, what is the future of Democracy and a Free Market Economy?
I like the opposing view much better. That is:
But the cautionary view of Robert J. Gordon is more valuable. He cautions us on the issue of change. That is: We MUST! We can do no less for the sake of our children and their future.
I believe that between 1950 and 1970, our country experienced a period of unprecedented prosperity. And I am not sure that even those PhD, Nobel Prize winning economists and other Ivory Tower guru's have a clue as to what it was that made the U.S. economy the envy of the world! But whatever it was we did right before, we gotta do it again, and quickly! For the sake of our kids, we'd better.