Quote:
Originally Posted by 69in2it69
Dude...we consume at that level because we're the biggest economy (which means disposable income). Your answer is to make America broke again? Idiotic to think manufacturing is coming back to American, and worse to think we'd want it to.
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Is there really "disposable income" when the average consumer is racking up tons of credit card debt? And if we truly had "disposable income", what if we put some of that money into more investments, so more Americans would have a diversified financial portfolio outside of government entitlements.
I agree that America becoming a manufacturing powerhouse again (at least with significant human labor) is a pipe dream. I personally know engineers who are working on robotics to realistically make those dreams 0% ever to happen again.
None of this changes the fact that America has an overconsumption problem, and the societal impact it has had (obesity, mental illness, lesser appreciation for non-monetary things/ideals, etc.).