Friday, November 21, 2008

The intelligence prediction of the future to 2025 isn't easy to take. It's exactly what I expected, but "I told you so" doesn't make me feel better. The economic restructure of the world is inevitable. The hardship that it will cause, here in the US, was avoidable, but the expected collapse isn't hurting the people who got tens of millions a year taking money out of the middle-income pockets and putting it in those of the 5% at the very top of the income ladder. Of course they knew the bottom would fall out when the American consumer ran out of money. Of course, they expected to get the money to keep them afloat from taxpayers.

So, we're now paying the tens of millions in annual salaries to the people who gambled away our pensions and investments for our future. Oh, and the corporations are buying their own stock, so they don't have to answer to stockholders for the losses. Don't you fire managers who bankrupt the business? No, they pay themselves their salaries, benefits and bonuses out of our money. Corporate management as usual.

Yes, there is going to be a world economic reorder. The disparity of worker pay and quality-of-life makes it more profitable to fire American workers, close American plants and build and hire cheap elsewhere, especially those places that don't have all those cumbersome regulations of safety and insurance costs and so forth. Patriotism isn't good business.

I think we need our big three carmakers, but they knew it was coming too. Of course, we have the example of what happened to the first electric cars to show exactly why they kept making gas-guzzlers bigger and bigger. There's still huge profit to be made on oil, for about another twenty years. "Keep those alternative energies from being used, while we make all the billions possible."

The technology they have to 'develop' has been around for well over a decade. My sons followed the directions on the internet and put HHO units in our vehicles, so about half the fuel we use is water. That's why it costs me less to commute from forty miles out than it does someone about five miles from work. Our electric coop buys wind power. That's why I only pay 7.5 cents per kilowatt hour.

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