She must be smoking funny cigarettes. How anyone can think that U.S. and Europe will become the economic power of the 21st century is not in the real world.
U.S., Europe and Japan are mature markets --- and as consumer demand makes up majority of GDP I don't see how her prediction comes true.
She sounds more like a politican then an economist. Why on earth was this published?
John Kenneth Galbraith: ”As the economy develops as it has in the United States, you move more people into brackets where self-satisfaction is in some measure, normal, and where people are more and more inclined to the oldest tendency of the affluent, which is to say, ‘I made it, and so can anybody else,’ and to say that government and public health stand in the way of progress, to develop all sorts of theories which reward them and their well-being and, effectively, deny it to those who are still in need.”
The Coming Atlantic Century
She must be smoking funny cigarettes. How anyone can think that U.S. and Europe will become the economic power of the 21st century is not in the real world.
U.S., Europe and Japan are mature markets --- and as consumer demand makes up majority of GDP I don't see how her prediction comes true.
She sounds more like a politican then an economist. Why on earth was this published?
The Great Disconnect
The Tea Party in the U.S. is not marginalized at all. In fact they are much of the cause of the stalemate in Congress even as we speak.
The Price of Inequality
John Kenneth Galbraith: ”As the economy develops as it has in the United States, you move more people into brackets where self-satisfaction is in some measure, normal, and where people are more and more inclined to the oldest tendency of the affluent, which is to say, ‘I made it, and so can anybody else,’ and to say that government and public health stand in the way of progress, to develop all sorts of theories which reward them and their well-being and, effectively, deny it to those who are still in need.”