5 Economies Worse Off Than the United States

I am afraid that we find ourselves competing in the global economy where capital finds cheaper labor outside of United States. This is one reason of loss of manufacturing. Capital also finds better return in asia which creates more jobs also outside United States.

The other problem is those rich have more capital and keep increasing capital. And those without capital that depend on jobs to get capital are at a disavantage. And it shows up as the rich get richer and the poor get poorer. Hard at this point to change that without changing economic laws that are created by the courts and government. We are capitalists which have there winners and losers. In the labor market jobs that compete with foriegn labor are the losers.

There is no recover from jobs that are lost to foriegn competition. Since labor is a deducted expense this capital remains lost to United States. So this is reduction of capital versus increase in profits but they don't equal out. Example of this problem showed in with the British empire and that empire is gone. And the american empire in time will also be history as capital is reduced. You can already see this in the balance or trade. Debt is a problem not likely to go away.

Bias comes from not making use of herbal medicine which has reduced cost versus conventional drugs. This only creates cost problems. Our health care is the most expensive in the world but yet it is not nearly the best. Somehow we learn little from our experience with slavery thinking this was cheap labor when in fact it was expenive. We still look for cheap labor yet it is likely to turn out expensive. We have learned little from history but continue with age old bias. And again we are wrong. And the cost will be great. We forget there is profit in our people if we invest in them. But seem like we are doing the opposite and this is our bias.

Arthur Gittleman of AR 5:30PM April 27, 2011