08-09-2008, 07:54 AM
Quote:For our international friends, I like this map. :) I guess it has some inaccuracies, but it punctuates the sheer size of the US economy.
I am Pennsylvania....yeeeeeeeee.
As I said before, what is happening is nothing strange. The other possibility would be no labour laws and no environmental laws.....well I rather work in a country that has these.
I mean if minimum wage does not exist anymore for sure you will get inflation, house prices will tumble (even more) nobody will be able to afford a car (not even one from asia) etc.
A rich country just needs to stay innovative and makes sure to do the right investments. Referring to the energy thread, if a country like Holland wants to ensure a hassle free future, we need to make sure that we can produce our own energy. Maybe wind and sun are more expensive now, but when our oil and gas are gone....we'd better have something in place.
For the US (and western europe), as I said before our wealth especially relatively will decrease, it is up to us to make the increase of wealth in other countries (which gives us a much better market to buy our stuff) not at the cost of our own wealth. A city that gets deserted is just an insignificant thing (except for people that live there of course). Still with lower ground and house prices in a while companies might settle there again, who knows.