Manufacturing

Russell Roberts presents a strong view with stylized (some design craft) graphs to imply complementary movement. The correlation of information may be a little dubious. My fears are not with the Job picture, but with economic direction: What happens when dependence on Imports couples with high Import pricing alongside falling American credit? Foreign supply of American Needs can become an American nightmare. It is especially sad in that it has base only within a Corporate desire to maximize interim Profits, before Americans must return to supply of their own Consumption needs (it will come).

Another aspect equally devolving from Corporate desire to maximize interim Profits come in the role of Pharmaseuticals. Dean Baker points out that Medicare negotiation of Drug prices will not raise Drug prices, or will it cause Pharmaceutical companies to lose Profitability. One of the great difficulties in this debate lies in the pretension of loss of Innovation. Such loss implied of some elemental deterioration of Patient care. The Conditions which impact 99% of Patients have been diagnosed and treated by the medical profession for decades, and treated very well; does Anyone understand that the current length of life is based upon those drugs which have been around that long. I myself have a primary Physician who attempted to transfer me from Toprol to Coreg; I will not say that both do not do a good job, but Toprol seems to do it better, at least for me. The real basis against Toprol could be that it can be obtained in generic form of less Cost. I regret to state Patients continue to be persuaded to transfer to new Drugs, when older Drugs have worked very efficiently; I finding the major factor separating the usage being the introduction of a Patent royalty.

Economists today expect certain Givens to remain in force. They expect the American Standard of Living will remain higher than the World average. They expect Americans to retain the ability to purchase foreign products if the American Standard of Living fails to maintain its position. They expect a continual flow of foreign Labor into the United States; something which will reverse with great rapidity upon development of foreign economies, rising economic opportunity for foreign labor in their home country, rising Costs of Living in the United States, and dropping birth rates in these foreign countries. I have failed to mention the Ageing of Labor which will be the major Problem of all nations in the direct future. Economic planners may be missing the most elemental Problem of the World economy. lgl