Forum Topic

The US economy

An interesting article in Forbes. Perhaps all isn't what it seems? https://www.forbes.com/sites/yuwahedrickwong/2019/07/19/cheap-credit-and-lack-of-competition-gums-up-the-u-s-economy/#1e61bf4350c7

Michael Ixer ● 2670d3 Comments

That is a very interesting as worrying article. The strongest economic growth indeed! Trump says whatever comes to his mind - whether it is true it is irrelevant and a fairy tale he loves.  The amount of people in the US, as in the UK, who are at work but barely earn the minimum living wage is very frightening.And, on the other side of the spectrum, the people with fortunes are making bigger fortunes.The mention in the article of monopolies concerns me.When I was a young thing, monopolies were frowned upon and competition was encouraged and sought.  I suppose what goes round comes round. Now it appears to be the other way round, in the land of the free and the home of the brave! And talking about the land of the free, it appears that the US keeps more of its citizens in prison than any country on Earth…. including China, which has several times the population… and even though we used to think of China as the more oppressive society, compared to “liberal, permissive” USA!!!!!!!So definitely, all that we hear or read is not what is happening there!

Ivonne Holliday ● 2669d

"The gun homicide rate for Americans between the ages of 15 and 24 is an astronomical 49 times higher than it is for people that age in other, comparable countries. The rate of unintentional deaths involving guns was also more than six times higher here [in USA]."https://www.independent.co.uk/news/world/americas/americans-much-likelier-to-be-killed-by-guns-than-people-in-other-countries-a6851021.html

David Ainsworth ● 2669d

Yes, their obsession with owning guns today is difficult to justify.When the Wild West was being won, one could understand the right to own and bear guns. But that was late 18th century.Not much progress has been made on this since then.  The US reached the moon 50 years ago, but still remain in the 18th century mentality when it comes to guns.There again, the gun lobby in the States is enormous.

Ivonne Holliday ● 2669d