I agree 100%. That is why I told Cranky to put the brakes on the thought of giving it all away like we did.
I am not quite sure at what the status is up there but we are slaves to cheap goods now.
It's getting closer. They're not quite their yet, or should I say they haven't noticed yet given how much more diligent and professional the Canadian banking regulators have historically been at holding off a storm, but it has the highest household debt of the G8, plus it has the highest national debt to GDP ratio. The only thing holding off the panic is that Canadians tend to be more stable as hard workers, and since the time of Bennet they had the best regulators, but still they are extremely vulnerable to the global economy what with the way they chose to sell everything off instead of develop it themselves, such that in fact its financial position is better only than Greece's and is worse than Spain's.
It means, if we back off and look at things in the big picture, ironically the US is still in a better position; at least until the climate changes.
Let's back off and remember some of the stuff they used to teach in school. They used to teach that in the old days everyone had to be farmers, but then agriculture got efficient, such that it released many people to become available to work building civilization... things like sky-scrapers and libraries.
But those people cannot build sky-scrapers and libraries full of books unless they are fed, and the US is the world's greatest food producer... or at least it was until Monsanto moved in.
What it means is, given proper management, Americans could (before Monsanto) grow more food than they needed, and then set everyone not growing food to work building roads and dams and houses and everything everyone needs. It all boils down to agriculture and good social management, like the Deceleration of Independence called for. We the people, in order to build a more perfect society...
In the early days the US was so unexploited one could let Capitalists stuff themselves with oats to manure out enough for the sparrows to peck on, except now they are dumping their manure on China, and the Russians are *watching*.
In so many ways and on so many levels it's going to boil down to this: The US must do something about Monstanto and get control of food production back into the hands of the people. Political Geographers know that no nation on earth has ever got big and self-sufficient without first being able to feed itself. That's why Japan, to this day, insists upon self-sufficiency in rice production, regardless of the subsidy.
After that, you get good leaders, perhaps on the state level, able to see things like how to take the surplus food production and feed it to people willing to work on things like mile-high cities. I can see them. They have a spine like the Eiffel Tower, only with branches going out to support dwellings.
That way you end up with tens of thousands of people piled up in a vertical city, leaving way more agriculture land around. Everyone ends up with a home with a fantastic view. It is paid for by the labor of construction guys, fed by real farmers, and everyone ends up with a good place to live.
It's called trade, and it doesn't need a "global financial system" (ever notice how they'll tell you there is a "global financial system", but they'll never tell you how that "system" works... what's so "systematic" about trade?), and with proper management, the only people left pouting would be those who'd figured out a way to tap it.