[quote=briansd1][quote=eavesdropper] The “prosperity” of the 90s and aughts resulted, in large part, from lax monetary policy, widespread speculation, and limitless lending. [/quote]
Don’t just blame the financial industry.
We had growth thanks to tech as well. That is bright area of our economy.
But we have other growth sectors that are killing our long-term future: 1)the prison/criminal system, 2) the military/security industrial complex, 3) and the medical industry.
We got the majority of Americans medicated on something or other and using more and more medical services. Imagine a population of obese, sick people. That can’t be very productive.[/quote]
That was a great post by Eavesdropper.
Yes, we had technological advances in the 90s, but this past decade has done very little in comparision. We’ve made some improvements on the developments from the 90s, and we have more “games,” and our widgets work a bit faster (but not as fast as they could without those games), but we’ve not invented or improved upon anything, to my knowledge, that is equivalent to what we saw during the 90s. I’m not a techie, though, so would love to hear what was invented or developed over the past decade — in the U.S. — that is going to make our future so much better.
