Where is the US economy headed?

I'll even wager he wasn't even in the British armed forces.

GWB was a reign in terror as people are afraid for their jobs that disappeared because of his stupidity. His attacks on Muslim countries only made terrorism flourish and thus Americans are in terror of attacks. During Clinton years Americans were not afraid of attacks. Why even GWB was in kindergarten reading to kids. George Bush Senior made enemies everywhere in the Muslim world.

Okay, I'll wager you two Guinness.

Quote:

There are exceptions and variations in the application of these principles, but their validity is clear from the central tendency of historical examples.

But, George, the principles are at the mercy of the applications and the latter are subject to human nature in its present state. Human nature is conditioned by socialisation. Thus, I will argue, the problems you point to, which I agree are real enough, are the result of the socialisation rather than the principles.

The question is whether human nature can be altered to bring the principles to bear fruit.

During the 20th century various regimes including the Soviet Empire, Nazi Germany and Facist Italy and Comunist China, even Castro's socialist paradise in Cuba, invested enormous effort in altering the socialization of their citizens - in the USSR, China & Cuba, to create Lenin's "socialist man". Unfortunately, though they killed and imprisioned tens of millions of their citizens in the effort, they didn't succeed. Even after generations of tyrannical resocialization human nature remained impervious to their heroic efforts to reform it.

Many socialistic systems end up delivering only uniform poverty precisely because they inhibit innovation and investment that might lead to the expansion of net economic activity and wealth.

Free Market capatalism is subject to cycles and excesses in economic activity, and can lead to wide variations in the resulting distribution of wealth. However, in most cases it yields much higher mean and median incomes than do heavily regulated or socialistic systems.

The textile and heavy manufacturing industries in this country were wiped out by cheap foreign competition and the actions of organized labor unions to achieve a greater degree of "equity" for their services.

I'm in the highest.