President Obama's top economic adviser, Larry Summers, speaking with the Financial Times, hopes the future for the American economy, "will be "more export-oriented” and “less consumption-oriented”; “more environmentally oriented” and “less energy-production-oriented”; “more bio- and software- and civil-engineering-oriented and less financial-engineering-oriented”; and, finally, “more middle-class-oriented” and “less oriented to income growth that is disproportionate towards a very small share of the population”.
The most important part of that future imho, is that we must be "less oriented to income growth that is disproportionate towards a very small share of the population."
The most important part of that future imho, is that we must be "less oriented to income growth that is disproportionate towards a very small share of the population."
2 comments:
It's impossible for ME to become less ORIENTED in any way.
I am becoming more and more "less consumer oriented"....we don't NEED half the stuff we think we do. I want to be like Henry Thoreau...and " keep all of my accounts on my thumbnail" and have no more accounts than that. Ignore Madison Avenue and we would all be in better shape, financially, physically, emotionally and spiritually.
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