Filed under: Other issues, Good news, Consumer experience, Competitive strategy, India, China, Russia, Middle East, Money and Finance This day, Personal finance, Small business
You’ve been hearing and reading all the bad news about the credit industry and all the nasty things that its difficulties might mean to you, but is anyone considering the positive outcome that this major reset of the American economy could mean in the long run? Being that I’m a cynical optimist (an oxymoron, I know), I’ve a perspective on this mess which many people might not be thinking about.
I’ve been telling you since late 2006 that we’ve entered a world economic shake down and that the biggest hindrance to further growth in the American economy is the fact that the balance sheets of American corporations are full. I cite the sudden spate of major acquisitions in pursuit of profit creation via consolidation as support for my view. As modern economics are conventionally structured, the only basis for economic health is steady growth. That makes the case for the necessity of this period of down slide only too palpable.
If we as a nation can financially hold it together for the next couple of years and swallow the massive bitter pill of a recession, when we come out on the other side of this mess we shall reap the astounding rewards of the “green economy” which is now in the process of being built. This day we’re planting the seeds of America’s next economic boom and I’m sorry to report that most of the rest of the world has mistakenly adopted our old patterns.
Let China, India, the Russian states and the Middle Eastern block build their burgeoning industrial economies upon the fossil fuel era which is destined to become increasingly less profitable. As usual, they shall soon realize that they’re two decades behind the economic flow. They’re making the single largest mistake that can be made in any competitive realm. They’re trying to keep up with us by doing what we’ve already done. They’re building their economies based on a set of consumerist fundamentals which are in decline, a fact we’re painfully learning and adapting to day by day.
For everything there’s a season. That you must know. We’ve just entered an economic winter and it threatens to be a long, hard, cold one. Even now though, the rows are being planned for the next American economic garden to have it’s seed sown. Economic springtime might be a couple years away but when it comes, be ready to put your hands to the plow. This time of distress had to come because it’s the only way we’ll get ample room to grow again.
Entries (RSS)