My Dear American Fellows:
I am a little sad to hear the saying of "lost decade" to the situation that the States faces, it means that the States is just like the last twenty years' JAPAN. We call it "a lost two decades". Japan has its problem as it is reluctant to admit that it is a broken economy in the jeopardy. It tries hard to TRANSFER personal or company's horrible debts into the form of sovereign's debt through the endless times of Quantitative Easing (the "QEs" we usually call that). It turns its corporations into Zombies. Yes, it does solve the unemployment problem in these two decades but not the eternity. Those corporations are dying just in the slow motion AND all knows that it will eventually die somehow in the future, like Sharp, Sony, and those already gone like Sanyo, Mitsubushi motor, etc. It just shows the effect of WTO and all those corporations face the problem that Americans and Europeans create, that is a "tariff-less world". Because there are lack of tariffs, so it can not protect its corporation to do the differentiation of its products and other services. The more competitive environment and less income or value creation in the modern societies shows those Zombies has to die gradually. It shows the deep flaw idea of WTO spirit because even the modern corporations can not sustain or resist the tide of those ENDLESS competitions with no reason. The flaw idea that every country has to follow is the tariff-less principle. It does creates unnecessary competition and it does hurt its employment somehow these days!! And the modern world demand for white goods are also decreasing as the economy growth of each nation is just too small. The most important issue is you have a "too luxury social welfare" and it creates "largee fiscal deficit" than every one knows but your taxable incomes are decreasing as every politician are trying to please the voters through cutting taxes.
It is the turing point you have to face. To tax the rich for the subsidy of whole society or to let the society cut its social benefits forever is the choice you have to make. OR just let yourself live in the desperation or endless sadness FOREVER. It is your choice.... to make a change!!
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