by Professor » Wed Sep 19, 2012 10:22 am
Well, until there is some huge crash that someone can directly link to all this, I'm not so sure there needs to be major reform. I mean, even the best economy will have occasional highs and lows. The higher the high, the lower the low. And, when some people seize upon an opportunity to make some real money in a certain industry, then chances are good that a lot of people will jump on the bandwagon. Then, when the industry gets artifically overinflated, it will collapse.
That's not a bad thing. At least, it's no more a "bad" thing than a river rising after a hard rain. It's simply the natural way of things. Sure, you can attempt to manipulate them by installing safeguards. And, those things might work. Or, they might make the yearly minor flood morph into a 30-year major flood.
I guess my point is that the US is still one of the best countries in the world (side note, below). I don't think that we need revolutionary change. I'm fine with evolutionary change.
(Side note - I've started making a database to figure out which country really is the "best" in the world. I'm compiling every single list that I can find where countries are compared with each other. Highest crime rates, best place to do business, etc. If it's a bad statistic, then a higher ranking will lower your overall rank. If it's good, then higher will raise it. Still have some parameters to iron out. But, start PMing me links to any lists you come across.)