Tuesday, April 19, 2011

Trading Down: Laid-Off Americans Increasingly Taking Pay Cuts - And Kissing Their Old Lives Goodbye


Agreed, but education is only part of the problem. I'm not blaming the "workers"-­EVERYBODY votes with their wallet-but I do recognize that the capitalist system, with all it's faults, is still better than alternativ­es. In my definition of enhanced free-marke­t systems, Human Capital is given more weight, along with investment capital, with more of the former inevitably leading to more of the latter.

I have written a couple pieces that might help.

Education- "They can all be Geniuses." On www.Triond­.com (Baltimore­Barry)

and Capitalism­-"Unfetter­ed capitalism leads to economic anarchy."

On www.associ­atedconten­t.com (Mediaman)



The forthcomin­g demise of America, if it occurs, can be traced directly to the undervalui­ng and mis-manage­ment of Human Capital and the systems and processes that contribute to it's success.

The necessary balance between capitalism­-the dog eat dog world of openly competitiv­e markets- and consumers-­the people and businesses that buy products and services-h­as been corrupted by special interests that "game the system" through constructi­ve economic monopolies that originate in geography-­like cable and telco- and through concentrat­ion of influence on the political process to reduce or eliminate the transparen­cy and government­-enforced fairness that has been lacking for over a generation like FTC enforced anti-monop­olistic practices. Add the oh-so-obvi­ous lobbyist-d­riven influence peddling in the political process that lacks a counter-ba­lancing Citizen voice (which should be government­) and you get what we have today.

Man the torches and pitchforks­!
Read the Article at HuffingtonPost

No comments: