Thursday, May 22, 2008

Losing our way

I think our current problems started when:

  • Houses went from being homes to investments.
  • Companies went from making money by manufacturing things that they patented to making money enforcing the patents that they had bought.
  • People started making buying decisions based soley upon price.
  • Minimum wage was confused with living wage.
  • People stopped learning about how the economy works.
  • The price of a car is less then the cost to make it.
  • Workers want high wages yet want to pay the lowest possible price for goods.
  • We decided to move manufacturing offshore, decided to become a service-based economy, yet have no idea what good service actually means.

We can do so much better. We need another Sputnik.

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