I don't think the economic concept of working entirely on credit has been around for a long time. Since economics depends so much on assumptions of how people behave, and with human beings being somewhat variable, could there not be a problem with our current theory of economics. Why isn't it possible that a controlled economy is an advantageous economy in ways other than the bottom line? We should not let the market be the judge of who we are, as so many capitalists propose: "Let the market decide" as they say. But rather we should have a vision of the future in mind and build toward that future.
[METAPHOR] Liken our journey as a civilization through time as embarking on an epic road trip from point a to point b. The success of our car is rated by how far we've gone, and we're trying to beat other civilizations in other cars to the finish line. The size of our road is like the economy! For a big road, like a freeway, the car is moving fast, and we're succeeding! We need a large and growing economy so we can speed faster and faster to the succeeding. Those are the good times. But sometimes freeways turn to highways... and highways into boulevards, avenues, then sometimes just a dusty dirt road on the outskirts of nowhere... then you're stuck. That's the crash. But when you drive do you just let the road determine where you're going? No! You don't let the road tell you what to do! You exit! You transfer! That's called the transition! If you're in charge of this country, like you need to drive this car somewhere, not just let the road take us where it goes. [/METAPHOR]
Americans should no longer elect people who champion doing nothing.
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