World economies, depression, and globalization

As we watch the G20 meeting in London, we see the protests. The world is going downhill. Millukov had been articulate in what he posted on another thread. And I would like to repeat it here. yes but no

ABC news ran a piece last night from Japan, Australia, India, Kenya, Mexico, and Hungary. Australia struck a cord as the clothing manufacturer, Pacific Brands, closed all plants in Australia and set up shop in China. World News - ABC News

The world is in a total mess. Plenty of blame to go around. Besides the financial crisis, globalization (as I have talked about many times) is for real. There are only so many jobs to go around. Companies will leave the country for cheap labor. And the only thing you can do is the old tried and true methods of investing in people (education), the country (infrastructure), and the future (energy independence, science, mandatory vocational training, embryonic stem cell research, innovation, and research and development).

We have seen China and India open up with 1 billion people each and they want to be middle class. At some time they will buy from each other, but at the moment they are taking our middle class jobs. This means people lose their jobs or are forced to work with less pay, the loss of healthcare insurance, the loss of pensions, cities and states going broke, will not help the housing crisis, the loss of revenue for the federal government and the possibility of more welfare. It means the fight for protectionism around the world. It will take time to invest in the country and I am afraid it will take a long time to get back to where we were. We need to be a more pragmatic country dealing with real problems instead of failed ideologies. We are where we are and we need to move forward with answers to todays problems.