Just within the last couple weeks it's become a lot harder to find credible articles that downplay US economic troubles. This NYT article and this FT article are good examples of recent gloomier articles--both summarize how there's no good news for the US economy. While reading the articles it occurred to me that I've not come across any hypotheses on how the US might exit the current downturn. Authors write that the US Federal government needs to do something, but suggestions all revolve around short term, superficial actions. Also missing from US economic discussions is mention of the US economic future past 2010. The debate about opening restricted US coastal areas to oil explorations is a good example of such shortsightedness. Production time lines and short term effects on fuel prices should have little to do with the debate, but somehow they've become the central issues.
The stimulus package Congressional Democrats are working on sounds like a good start, but there's no chance they'll get it passed before the November elections and, as a result, their urgency seems cynical.
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I couldn't have said it more succinctly.
The inability to plan for the long-term -- or to set any plans in place to address the future (aka: "shortsightedness") -- is a serious deficiency. However, it may be exacerbated by the very culture.
You must also consider that changes are occurring now faster than ever before overall. The rate of change almost seems to be exponential. Humans will have to try to keep up or they will FAIL.
There is a race on right now between evolution and extinction.
Only those that can adapt to change will survive.
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