tag:blogger.com,1999:blog-8515164950093880689.post3815045063036217480..comments2023-08-13T10:32:43.423-05:00Comments on Observations from an Unrepentant Capitalist: Introduction, Korea v Korea, Who's #1?, Myth: Two Incomes to Make Ends Meet, Myth: Death of the Middle Class, Outsourcingbryan taylorhttp://www.blogger.com/profile/14827911568160088805noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8515164950093880689.post-18289932700746027442013-07-29T20:56:54.734-05:002013-07-29T20:56:54.734-05:00Dear Anonymous,
Thanks for checking out the Unrep...Dear Anonymous,<br /><br />Thanks for checking out the Unrepentant Capitalist.<br /><br />The US has been and continues to be a world class innovator in many different industries. The Japanese and South Koreans have been successful taking other's innovations (sometimes ours) and manufacturing and exporting them. A good recent example has been Samsung smart phones. Nice phones based on the Android operating system developed by Google. <br /><br />The South Koreans have had some economic success for the last 25 years. I wish them well, but they need a much longer sample space before they're in our league. I certainly wouldn't trade places economically with the Japanese. Their economy has been anemic for 25 years and they have the highest debt to GDP ratio in the industrialized world. <br /><br />I think the US has always been a melting pots of cultures and I see that as a strength. The US overpopulated? No. Hong Kong overpopulated? Yes.<br /><br />If you've read my blog, you'll know that I've spilled a lot of (virtual) ink on the topic of our country's public debt and on my hopes that our politicians find the courage to implement a long term solution.bryan taylorhttps://www.blogger.com/profile/14827911568160088805noreply@blogger.comtag:blogger.com,1999:blog-8515164950093880689.post-60602830902337969012013-07-28T08:29:57.116-05:002013-07-28T08:29:57.116-05:00Interesting thesis on the virtues of capitalism an...Interesting thesis on the virtues of capitalism and a lot of it is factual. However, and I admire you for it is the belief that innovation and operational efficiencies will supercede any hurdles imposed on the US economy by international rivals. This is false thinking as most innovative products are coming from other areas such as Korea and Japan whereas decades ago the US had this playing field largely to itself. The US prospered in an era of cheap oil and homogenous viewpoints a much smaller population and a focus on the country's mission statement. The US is not a homogeneous culture today, overpopulated, and not a leader in innovation(except the military industrial complex), and its by-products and jobs as a result of cheap oil are products that can be easily manufactured almost anywhere else on the globe at a fraction of the costs. The author conveniently fails to mention the role of debt and its impact on GDP as if it is insignificant. An enjoyable read but somewhat flawed in its analysis.Anonymousnoreply@blogger.com