Summary
REASONS TO BE OPTIMISTIC (newgeography.com) REASONS TD BE PESSIMISTIC: * The real unemployment rate * The number and percentage of underwater mortgages * Inept political leadership * Loss of production capacity and jobs due to outsourcing * Extreme inequality * Excessive globalization (imperial overreach) * Decline in the status of blacks, males * Failure of the educational establishment * Excessive power of religion REASONS TD BE OPTIMISTIC: * The current crisis is not inherently more threatening than many others we have experienced. * The US has been uniquely successful in having peacefully achieved a truly multi-racial and multi-ethnic state. * Economic corruption and financial crises have been recurring phenomena with which we have dealt and overcome. * Large, literate and hard-working population. * World's finest university system and research establishment, engendering innovation. * Freest society in human history. * Favorable demographics (ratio of wage earners to dependents).
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Extract
2 - Richard Morrill
REASDNS TD BE PESSIMISTIC. REASONS TO BE OPTIMISTIC ...
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