Restoring the American economy is not going to be a matter of simply jump-starting consumer spending, or even business investment. It’s going to take a long, hard, focused effort to move away from a parasitic consumer economy in which profits are largely made through speculation, and towards a real economy that actually makes things that people both here and around the world need.The article was originally in Counterpunch.
March 7, 2009
Restoring the American Economy...
This, for me, is the most-right, pithiest statement I've read about how to get the American economy on-course. [And note that I'm not saying "back on course." America has been off-course for a long, long time.] It's from an article in Truth is Contageous called "Kiss the Banks Goodbye," posted yesterday: