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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (37618)	8/31/2003 5:33:17 PM
From: NOW	Read Replies (1) \| Respond to of 74559

dont forget the exploitation of human capital in the form of slavery ....and exploitation of the native people while you are at it...

To: Raymond Duray who wrote (37618)	8/31/2003 6:07:42 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

<Though for the worker bees in the U.S., 1973 was as good as it will ever get. It's all downhill now for the workers. > Raymond, in relative terms, yes, the worker bees of the USA have been losing ground compared with billions of other people around the world. But in absolute terms, they are literally streets ahead of how things were back in the day. Car ownership this year exceeded the number of people with driving licences for the first time ever. It is the first time ever that all the cars in the USA can't be driven at once, legally, by all the licensed drivers. There are too many cars. They are using less fuel per mile but that's not a bad thing since fuel consumption isn't a desired consumption. 1000 mpg would suit motorists just fine. Americans weigh more per capita than ever before, including the worker bees. Since the spend a lot of time and money achieving that state, it's obviously something desired. So they are better off in the eating department than they ever were. Most worker bees around the world are still too busy to get fat, so even in relative terms, American worker bees have gained ground and pounds. Any electronic equipment is vastly easier for the USA worker bees to buy, if it even existed way back then. Take a look around their living rooms and bedrooms and kitchens and see if they have microwave ovens [I first saw one in 1975 so not many people had them], calculators [my first Unitrex scientific cost me a week's pay back in 1974 and now better ones are scattered around the house], colour television sets [they were very expensive and scarce in 1973], computers and internet connections [my 1972 Fortran IV computer efforts bear almost no resemblance to today's cyberspacoid planet], international and long distance phone calls [which cost a fortune and we never made calls home in 1974], clothes by the dozen, international air travel [J6P can hop a plane to Europe for fewer hours of work now than back in 1973], medical treatment [a huge range of medical services didn't exist back in 1973] and lots and lots and lots of other things are in the ambit of J6P Worker Bee now that weren't in 1973. They are objectively better off now than ever before. And, the fun has just begun. Things are going to get a lot better a lot quicker. A 15 year old J6P Worker Bee in training is going to have an amazingly better life by any objective measure than his 15 year old father in 1973. That's unless something goes wrong. Such as a huge sars epidemic, rampant tuberculosis, a 500 metre diameter comet splashdown over or into the Pacific or Atlantic oceans, or King George II decides to have a nuclear war with China or Russia or Israel or somebody. Or there's a big global financial crash, political mayhem, depression and TeoTwawki. Isn't life great? Mqurice