Wednesday, February 18, 2009

Does Anyone remember this?

Source: http://www.msnbc.msn.com/id/23143814

Friends and Comrades,
Does anyone remember the Economic Stimulus Act of 2008? This act, signed by former President Bush, was seen as, and I quote, "a booster shot for our economy" to stave off a recession.

Stave off is defined as: to prevent something from happening, to avert, to debar

Recently, President Barry Obama signed into law - his new plan to stave off "depression" with an estimated $800 Billion!  This plan thus calls for investments in health care, education, infrastructure and you name it, energy.  

Friends ... the great Viennese economist Joseph Schumpeter once said, "economic progress, in capitalist society, means turmoil." His concept "creative destruction" continues to rack my reeling brain! Let us consider progress as our objective. Let us consider that with progress, some things must be left behind. Therefore, with creative destruction, new methods will arise, e.g. in technology, innovation, organization, mass transportation, all sorts of human and intercultural communication, marketing strategies, new sources of labor and raw materials, and most importantly, new products (nothing utterly necessary) that we consume.

Does any one really need a plasma TV? No. Therefore, it is an utterly unnecessary product. 

It is my view that the Obama government take neither consideration on the matter of creative destruction nor the Kondratieff Theory: 

(http://upload.wikimedia.org/wikipedia/commons/d/d4/Kondratieff_Wave.gif) 

It is thus true that new innovations in our technology destroys former technologies. And, my dear friends, Barry Obama's 800 billion dollar stimulus will booster the infrastructure, but I doubt it will create millions of jobs, or even stabilize the home mortgage crisis. 

Is not Barry's plan just another so-called Booster Shot in the arm of America? Let's hope that within this socialized syringe, America will get a profound dose of revolutionary and spiritual rejuvenation that will stand in defiance of the cultural materialism and shallowness of our age.

1 comment:

  1. I always like reading what's on your mind. You make some valid points.

    ReplyDelete