U.S. public debt is nearing 20 trillion dollars while U.S. gross domestic product is somewhat more than 18 trillion dollars. The public debt is apparently increasing faster than U.S. economic growth-and most of that is going to the most rich. Because the Clintons and Obamas did not address the structural issues for the benefit of the poor and middle class first, and as the discretionary part of the federal budget comprises just 7%, I wonder how the economic picture of the nation can be reformed.
Actually I think that real economic reform that actually benefits the poor and middle class isn’t likely. Human greed and original sin saturate government, the media and Wall Street to the point that even the environment suffers so champagne and fine booze drinking elites can have cashmere shag carpets or whatever and cars that pollute the atmosphere with tons of carbon emissions each year.
Actually socialism, communism and corporatism end up with the same oligarchy-like monopolistic bureaucracies running the world because of the nature of human social organization. Free enterprise actual dies within advanced bureaucratic-wall Street stock owning wealth concentration though good product continues to be produced for some time. Individualism and free enterprise as well as real democracy are actually the endangered political forms now.
Government with the consent of intelligent masses could actually make vast practical reforms toward sustainable ecological economic infrastructure limiting the percent of capital anyone may have in order to keep democracy rather than plutonomy ruling. With guaranteed minimum income and pragmatic social support services it would be possible for inventions and clever, efficient free enterprises to be developed theoretically first and those meeting environmental low impact and synergy goals best allowed to go ahead. That is desperation for jobs wouldn’t be the only political moderator on the electorate. Capitalism itself selects naturally for more capital rather than for a better environment or equitable distribution of wealth to all people equally within basic criteria even while allowing people to profit and save from their labor and inventions above the baseline.
Plainly the United States and most world political systems today are maladaptive to the present environmental and demographic facts of life. Political theory tends to be at least a century behind along with governing environmental theory. The natural default to thoughtless minions supporting concentrated wealth and saluting the dollar sign fuhrers that are money rather than reason will continue even being reinforced by waves of senseless commercial brainwashing. A financial philosopher today developing political epistemology might write “I think, therefor I am broke”.
It will be amazing to see what President-elect Trump can do with a fundamentally crummy national economic outlook that has found it to easy to develop overseas, exploit cheap foreign labor, run up public debt and avoid any sort of national leadership responsibility since the end of the cold war. Capitalism itself is in need of reform as well as the nation’s infrastructure. Infrastructure could be transformed into a new ecological economic form rather than wasting resources in old style, existing establishment, yet of course the establishment resists that.
President elect Trump should prioritize green transportation with electric cars, buses and rail drawing power from green sources. African development should be influenced toward green electro-magnetic power too, rather than fossil fuel cars-and that means new mass transportation.
Wherever possible developed land should be returned to a natural condition replacing existing buildings with smaller, cheaper better monolithic domes occupying less space. Border security could have a trans-continental salt-water canals and solar evaporation-condensation for desalinization infrastructure to make water for the parched Southwest. Many things are possible. A return to making patents affordable would help. Inventors should be given exclusive patents for just 7 years and after that a small royalty percent from anyone using the patent for production (for 50 years) before its public domain. Its rather difficult materially to manufacture things in the U.S.A. after getting an idea that is patentable making it doubly difficult for poor yet intelligent and inventive people to cash in on thought-as it is presently-ideas have to be given away to trickle up to the rich or well-placed, so why be inventive at all?