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Reply to "Everything is Competitive These Days"
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[quote=Anonymous]God you people are stupid and poorly informed. That's the real problem. Too much information is like putting a loaded gun in the hands of a toddler. 1. The reason why many foreign countries having minted many new millionaires and billionaires isn't because we've fallen behind or that they've caught up. In many ways they have become more like the US and privatized many businesses that were previously controlled by the state. However, it's a facade. In Russia, many of those businesses are still controlled by the state but there's a de facto owner who is controlled by the government. He or she is merely a balance sheet entry so to speak. 2. Gas is pretty much near or at an all-time low in constant dollars. 3. Truth is we've been screwed but not by them but by us. The pay gap between workers and rank and file employees has never been greater that is if you're lucky enough to have a job. Benefits? What are you a Socialist expecting health care and what-not? What's wrong with you? A pension? You're kidding you Marxist. 4. Capital flows around the world in the blink of the eye. Americans have been deluded into thinking that screwing thy neighbor by living in a winner take all manner is the right thing to do. Every quarter companies are expected to grow and if they don't please their Wall Street gods than woe upon them. 5. All of that money that now goes to the investor class and the .10% previously "trickled down" to workers through the aforementioned jobs and benefits. Now that money ends-up Chasing Alpha in some godforsaken venture trying to find Rare Earth metals in Mongolia. 6. Most of the 1% are slowly driving themselves crazy because of this "Keep Up With the Joneses" mentality. You've become just like a company expecting to do a little better each quarter and if you don't your overlords, that exist in your mind, come down hard on you. 7. What to do? Live below your means and have your kids, if they're not supremely talented at some sport focus on something practical. Tell the travel athletics coaches to go to hell and tell your peers that you're going to the Outer Banks instead Croatia. Send your DS/DD to the state school. No since in being like Martin O' Malley and find yourself $300K in debt to send your kid to the College of Charleston. Georgetown? Fine, but COC? Maryland is better, much better, than COC 8. Lastly, get off of the internet. It's taking all of the good things about life and destroying them for you. [/quote]
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