| > The solution, if there is one, has to come from innovation from the private economy. Why? The problems of offshoring, consolidation, automation, you described came from private sector incentives (not to mention debt driven consumption, and turning basics like housing, healthcare, and education into profit centers) Why would those same incentives magically fix the problem on their own? > And there isn't too much the US government can do to revert this economic decline This is ahistorical. The post great depression economy that led to the “American Dream” was supported by huge public spending and actions by the government [1]. Revitalization happened before, it can happen again. So much came from FDR/New Deal, social security, labor law, housing finance, banking regulation, securities regulation. Saying the US government can't really do that much is ridiculous. [1] https://www.archives.gov/milestone-documents/president-frank... |