Economic Crisis is Still in Full Effect

The economy is still in intensive care. It will probably get a lot worse before it gets better. Without jobs, without any manufacturing industry, or any other basic industries, I'm not sure about what would initiate an economic recovery in America. Most of the jobs in the country were dependent upon production of goods. But America isn't producing much these days. Most of America's manufacturing capacity was exported out of the country.

The reason given for this is the massive regulation of business, as well as the long list of taxes and other regulatory control over businesses. Some regulation is necessary, but at a certain point it becomes a burden on business, and actually serves to make American businesses uncompetitive with similar foreign businesses that do not have these barriers to profit. Taxes have the same effect. Regulations can also be used as a way for the politically-connected to eliminate the competition. Refer to the incident of Tucker, and how he was eliminated by the Big 3 Automobile companies when he developed a superior product.

Now I do have some problems with communist ideology. It is just not in line with human psychology or motivation. It sounds good, but never works in practice. It can't work in practice because people are mainly motivated by self-interest, not by working for the common good.

But, on the other hand, true capitalism has never been used in America. Also, capitalism, in practice, has been based on the exploitation of indigenous peoples of the world. Capitalism has only been used when natural resources can be stolen for free, without paying the people who may happen to live on top of them. This leads to the economic and social ills with which we are already very familiar.

In any event, check out this video below which deals with the massive amount of people who used to profit from the status quo, but who are now its victims. They couldn't foresee that they were on the road to disaster.