So California public employees pensions are a half trillion down. There is a crisis in education, and it is due to an unsustainable business model, or as they say, failed socialist policies. We are heading into another downturn because the bailouts could not and did not work. Fraud at the highest levels is as active and present today as it was before. There is no industry coming up that can restart the economy.
Capitalism cannot save this, the only thing that will work is the free market. Education is by far the largest single expense in every state budget. Education, and all of its ancillary parts, is prime for introducing efficiencies. If you have a passion for education, and find joy in solving the problems thereof, then lend a hand now. It is a field wide open.
The USA empire is over happily, and critical to a turn around is to bring the troops home from all 220 countries we occupy immediately. Chins gets more oil out of the middle east than we do, so what is the point of being there/
The other area is getting rid of the policies and regulations that have stymied small business and innovation formation in USA. Once the field is opened up, then the unforeseen innovations will emerge and USA can recover.
I am not optimistic, since law, academia, labor, medicine, business and religion have all been bought and paid for by big government. The Catholic Church, in its international parts, has at least objected to USA empire, but they are now being put on the defensive by charges of witchcraft.
Unexpected wonderful things can happen in spite of all the forces arrayed against the true and the good and the beautiful. You have to organize yourself for luck. bes thing to do is to assess the problem correctly and then position yourself to make the world a better place.
Tuesday, April 6, 2010
Half Trillion Unfunded Liability
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1 comments:
I am not optimistic either, since the broad sweep of US political development (indeed, of the development of all states) is toward greater centralization. The problem with laws and regulations is that they are 100 harder to destroy than to create, which is why we see a proliferation of regulation. At the individual level, I think the only solution is to figure out how to escape from the grasp of the state by building a lifestyle that defies national boundaries. How to do that in practice will depend on the individual. But I think the using corporations to create a shield or umbrella of sorts can be helpful. Seeking out havens of liberty and positioning yourself to take advantage of their existence is another. I agree with your ongoing analysis of Hong Kong being a singularly free environment to do business and live. Sadly it is too small to accommodate us all. But finding several places like Hong Kong to incorporate and do business and thereby live transnationally seems the best way to me to pursue personal liberty and autonomy in a world where freedoms are eroded daily.
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