Re:A Ponzi scheme that works
by joe_the_user on Friday December 25, 2009 @06:17PM
(#1015469)
Hmm,
"A Ponzi scheme that works" set off bell in my mind.
It seems like this article rolls two different questions together. One is whether immigration is good. The other is whether the US can continue to grow economically based only on "Three hundred million" niche markets.
Putting aside the former question, I'd say the answer to the latter question is no. Housing bubbles, health care and state spending have not always America's number one industries. Too many of the "hundred million niche markets" that can be touted have really been just support services for the aforementioned sustainable schemes. The US may be able to keep it's "service economy" afloat for another few years but the crisis of 2008 should have been wake-up call announcing unsustainability of this course. Naturally it wasn't, but there you are.
"A Ponzi scheme that works" set off bell in my mind.
It seems like this article rolls two different questions together. One is whether immigration is good. The other is whether the US can continue to grow economically based only on "Three hundred million" niche markets.
Putting aside the former question, I'd say the answer to the latter question is no. Housing bubbles, health care and state spending have not always America's number one industries. Too many of the "hundred million niche markets" that can be touted have really been just support services for the aforementioned sustainable schemes. The US may be able to keep it's "service economy" afloat for another few years but the crisis of 2008 should have been wake-up call announcing unsustainability of this course. Naturally it wasn't, but there you are.