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View Diary: An Economy cannot be based on CONSUMPTION (285 comments)

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  •  It's about CREATING VALUE (1+ / 0-)
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    PRODUCING GOODS - and even services - but doing so HERE

    If all you do is CONSUME goods and services originating elsewhere (who read your latest Xray - a radiologist in India, Who answered that customer service call?  Who runs your company's DP operations - and where?), you do NOT create wealth HERE.

    And - wake up - the US Middle Class originated with good paying production jobs in factories.  Before that the US middle class consisted of a handful of artisans, tradesmen and merchants.  

    And likek it or not there are NOT enough substitutes for those jobs that provide comparable pay and benefits.  

    Wake up - we're also shipping comp sci., programming, accounting , service center and all kinds of other jobs overseas as well.

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