| Wednesday April 23rd 2014

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Time to Reboot America


Landing at Kennedy Airport from Hong Kong was, as I’ve argued before, like going from the Jetsons to the Flintstones.

I think a lot of our problems center around the fact that we worship our leaders and look to them for solutions just like the author did at the end.

hong-kongHong Kong is full of people who find their own way and typically do so without massive government interference. Starting a business out there is so easy we look like a bunch of idiots by comparison with our regulations, subsidies, tariffs and trade protectionism. HK is the closest to free market capitalism in the world today. While you guys talk about silly shit they’re out there getting stuff done, and to top it off all of HK lacks even the essentials one would think would be necessary to survive independently. They depend on trade, they profit from trade, and yet they have no natural resources to speak of and are still wildly successful.


Most of our problems are precisely because we think some official or other (who never in their life earned an honest day’s work) is the man with the master plan, whose every act results in scandal and whom only knows how to spend other people’s money, not to create wealth.

Continue worshiping the hierarchy, continue viewing the rest of the world with xenophobia and trading with them in closed-minded ways and this is what you get.

All I could think to myself was: If we’re so smart, why are other people living so much better than us? What has become of our infrastructure, which is so crucial to productivity? Back home, I was greeted by the news that General Motors was being bailed out — that’s the G.M. that Fortune magazine just noted “lost more than $72 billion in the past four years, and yet you can count on one hand the number of executives who have been reassigned or lost their job.”

The worst part is that when I try to describe this very situation to my non-traveling friends they all look at me like I am crazy. They are unable to understand that things are not just better in a lot of other places than things are here – they are some times a lot better. My pals don’t come right out and ask me why I hate america but they are in a ludicrous state of denial.

Often, my fellow citizens can’t believe we are no longer number 1 in the world but that we aren’t even in the top 10.

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