Tulisan 3
Our greatest economic woe is that not many people around the
world are buying our goods like they were before 2008. The reason is that there
is large-scale unemployment in most places. This coupled with a large amount of
debt, carried by governments, pension funds, and individuals, have left people
and governments searching for solutions. For individuals and families,
financial austerity is the answer, but all too many governments around the
world are applying this same logic by cutting services to their citizens.
Businesses will not create jobs until they see customers. They won’t see enough
customers until unemployment is reduced. This is a problem without a solution
unless the federal government steps in and creates jobs. We all know that our
infrastructure needs a makeover. Now, at a time when our government can borrow
at 1.6% on a 10 year loan, we should put aside our debt fears and do a job that
needs to be done. This will create jobs, then customers, then the expansion of
other businesses, and finally greater tax revenue to pay off the debt.
I hope we can be smarter now by avoiding the war that some
of our politicians are aching for, and instead replace our ailing
infrastructure with new, innovative solutions. Some projects can be: installing
fiber optic cables in all cities, building a countrywide high-speed rail
system, reworking our electric grid, subsidizing green industries, etc. True
some existing industries will suffer, but just like the buggy-whip makers of
old, they will have to find ways to adapt to the changes or fade out of
existence.
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