2008-11-23typepad.com

Perhaps Mr. Obama knows that we're not going back to anything even close to the business-as-usual that shaped our lives for the generations born after 1945... The second part is the more difficult operational and administrative matter of promoting the necessary downscaling of all the essential activities of daily life. This is especially difficult given the current trend of the government suddenly taking ownership of everything, from the banking system perhaps to certain areas of heavy industry (if Detroit gets its way). The Obama government will have to resist the temptation to prevent enterprises from failing. These failing things have to get out of the way before new activities can get underway. It will also require government leaders to tell the public the hard truth that it can't do everything we would like it to do.



Comments:

tvsterling at 21:40 2008-11-24 said:
The article points out a sad fact. Knowing with the brain isn't really knowing. I guess that's what GUT FEELING means. People know intellectually that the party is over but they don't want to face up. People know that junk food is bad but they eat it anyway. That cars (if they continue to exist) will be radically different. The new world won't happen smoothly or easily; it will be forced upon us. I guess we have a long way to go even to get out of denial. When a new world financial order does appear we need to make it perfectly clear to the rest of the world that America is no longer the world's consumer of all goods. Fair Trade not Free Trade. Permalink

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