FENGHUA, China – Chen Hsien, an employee of Fenghua Ningbo Plastic Works Ltd., a plastics factory that manufactures lightweight household items for Western markets, expressed his disbelief Monday over the ‘sheer amount of [garbage] Americans will buy. Often, when we’re assigned a new order for, say, ‘salad shooters,’ I will say to myself, ‘There’s no way that anyone will ever buy these.’ … One month later, we will receive an order for the same product, but three times the quantity. How can anyone have a need for such useless [garbage]? I hear that Americans can buy anything they want, and I believe it, judging from the things I’ve made for them, Chen said. ‘And I also hear that, when they no longer want an item, they simply throw it away. So wasteful and contemptible. Let’s today step out of the normal boundaries of analysis of our economic crisis and ask a radical question: What if the crisis of 2008 represents something much more fundamental than a deep recession? What if it’s telling us that the whole growth model we created over the last 50 years is simply unsustainable economically and ecologically and that 2008 was when we hit the […]
Monday, March 9th, 2009
The Inflection Is Near?
Author: THOMAS L. FRIEDMAN
Source: The New York Times
Publication Date: 8-Mar-09
Link: The Inflection Is Near?
Source: The New York Times
Publication Date: 8-Mar-09
Link: The Inflection Is Near?
Stephan: Nineteen of you sent me this recommending I use it. Clearly Thomas Friedman has touched a hot point in the zeitgeist. And he may well be right.
It isn't clear to me whether Obama has been too timid, or whether what looks like timidity is actually the measured judgment of a long view which foresees bills yet to come - as I hope is the case - and is moving in stages large enough to get everyone's attention, but not so large his programs lose touch with what is doable. One thing seems certain to me. Reverting to the formula of more tax cuts for the rich is a form of national suicide. Reaganomics/Hoovernomics is, and should be, considered a failed philosophy, like communism, which was its shadow twin. A stake should be driven through its heart, so it never arises again.