The US has been a primarily a consumer driven economy for more than a hundred years now and I kinda think Enough is Enough. That is what this post is all about.Read more
It seems there are many people who always want more and more. Of course, that is basically the foundation for our economic system here in the US. Given the fact that our population has plateaued in recent decades, each of us buying more is the only way for our GDP to constantly increase year over year especially now that our government is doing everything they can to prevent others from coming to our country.
Let’s look at a few glaring examples of this syndrome of always wanting more and more.
I see more and more of those restaurants that want to you to buy their 3 lb hamburger stuffed with french fries and other grease ridden ingredients. We all know that this trend is not good for you healthwise but we ignore that fact.
I see more and more of some techie folks who complain that the Apple Mac has not had a hardware update in four years. They want more power even if they don’t or can’t even use it. If there are no upgrades then there is little need to buy another device. I see this as kind of like those people who insist on having a six-burner commercial grade stove even though they prepare 90% of their meals in a microwave oven.
But as usual, I think for myself and take a different view of the world. There comes a point in time where enough-is-enough. We don’t need 1,000 sq ft/person homes. We don’t need computers capable of sequencing DNA when all we do is play computer games. We don’t need to work our butts off to get more and more instead of spending time as a family.
To get started, let’s look at how Wikipedia defines “a perfect storm”:
A “perfect storm” is an expression that describes an event where a rare combination of circumstances will aggravate a situation drastically.
I think the idea of a perfect storm is where we likely are in world events today. China is aching to take over as “the” world leader while at the same time the current US administration is shrinking into a protectionist mode and recklessly abandoning its responsibilities in that regard. We are headed for a perfect storm and much sooner than many might anticipate.
Let’s look at some of the circumstances that is making this change of leadership possible:
If you have had your head in the sand as far as China is concerned you need to look at it in the light of today. They are spending way more than the US when it comes to infrastructure. Their hydroelectric projects alone dwarf anything that we are doing. Their GDP growth makes our’s seem miniscule. In fact the coming year will see China’s GDP exceed ours and the trend is ever increasing after that. It is expected that China’s GDP will be double ours within four years.
China is pushing big time to be the world leader in electric cars, solar and wind power. They realize that is the future of our energy needs. Building the world’s largest hydroelectric dam was the beginning of this movement to a limitless clean energy source. Since things are moving at such a rapid pace in these technologies I fret to see the damage that the current federal administration will do in the 38 months they have left in office. I just hope that America’s private enterprise at least makes a meager attempt to keep up with China in this area. If they don’t we could be in serious trouble in the coming decades and maybe centuries.
In summary, maybe our time as world leaders has appropriately come to an end. Rome had their day, England had theirs, so maybe it is time for the mantel to pass. If China is to take over that role I hope the their leaders are up to the task. Obviously ours have not been lately.