Friday, September 02, 2011

Not a regular recession

This ain't a normal business cycle recession.




Green jobs to the rescue? China is sucking up some of those green industry jobs. In China they will work for cheap and don't care as much about the environment.

Then there are those evil American corporate types who say they are moving jobs to where it is cheaper to operate and the corporate taxes are lower.

There is a lot of hope that the economic problems are simple or transient, but the Japanesse lost a whole decade with similar hopeful thinking.

Is it time to move toward fair trade rather than free trade? Time to be smart about sending all our capital overseas? Time to start being more productive and not outpacing our intellectual and natural resources. Time to catch up to our promises to the baby boomers and those who need a safety net.

What will Leucadians contribute to the economy? Tourism? If it is tourism we should be very careful to protect the infrastructure and elements of Leucadia that is unique and attractive to tourists?








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