But the bigger point is simply this. Americans historically did well by working hard, educating themselves and bringing clever innovation to the table. But for just as long they got really rich by stealing the extra wealth, whether from someone else’s labor, from their neighbors, from the environment in which we live, or from the future.
What if there are no more piggy banks from which to steal? What happens if the US economy has finally hit the wall of remorseless reality, and can only produce what it can honestly produce? What happens to the American economy and American standards of living if all the gimmicks have been exhausted?
The fire this time?
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