Unmention in the article is: Why bother to invent anything when the government pays people to do that (poorly), and can out-law or regulate your invention out of existince on a whim. I suspect that takes most of the fun and profit out of it.
Another Leftist clown pimping the notion that you all should just accept this as the “new normal”
NO, we don’t have to accept this top heavy Government managed economy mess as “normal”.
Just think where this country would be if we didn’t piss away our wealth by giving it to 3rd world countries - or helping to develop the economies of 3rd world nations to a point to where they became direct competition to the US.
Perhaps I am being picky, but this comment is stupid.
"Before washers and dryers"?? The innovation which avoided the hauling of water is called "plumbing".
The cost of technology is making the average worker poorer, not richer. Cable, data, cellular and phone bills are new phenomena and are way too expensive. Have salary’s kept up with technology? If a young person forgos buying new cars, all of that communications technology they could probably retire 20 years earlier.
Never mind that you’d be crazy to hire anybody.
First of all, good luck finding a work ethic.
Second, good luck avoiding lawsuits, overburdening of paperwork, and all kinds of government-imposed fringe benefits
Reduce government by 50%-75%.
Have taxes cover what the government MUST do.
Get the government OUT OF THE WAY at all levels so that The People can prosper.
Be in constructive relationships with our friends around the world. NOTHING to our enemies.
Garottes for the Progressives who brought us to this state.
Comparatively speaking the author may be correct. But the technology boom is just getting started. Especially as it relates to tracking every facet of all our lives...uh, for the children. Probably.
This guy Samuelson is a typical technocratic and socialistic jerk who doesn’t understand how innovation occurs and what drove the unprecedented economic expansion in the USA and the book sounds like it’s writer doesn’t understand either. Break out your copies of “The Fountainhead” and “Atlas Shrugged” if you want to know how we got where we are and where we are going.
The traditional family is the bedrock of American economic success. To be a man respected by others is to provide for your family. When your family is not a drag on society then the standard of living and quality of life improve.
The family is both the basic unit of good economics and the basic unit of government..of social control.
We’ve been through this before, in the 1970s and early 80s. After Carter and a Democratic Congress, we were finding “limits to growth.” Paul Erlich and the “Club of Rome” were predicting that we would run out of all resources by 2004 or so, and mass starvation would ensue.
Then we got Ronald Reagan, lower taxes, deregulation, the “surprising” collapse of the Russian communist empire, and pretty good times.
This was ruined by massive government intervention in banking and housing, which tanked the economy. Community organizer, then Senator, now President Barack Hussein Obama has always fully endorsed these policies.