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Baby Boomers Era and The US Economic Derailment

Posted 11-09-2014 at 10:00 AM by Chance and Change


Quote:
Originally Posted by Chance and Change View Post
IN My Thread Post > I'm discussing the system and how it has changed and what are influences which impacted then and what impacts now.

I think, If people don't indulge to get in-depth to grasp some of the workings within the systems, they won't find ways to navigate the current conditions.

Each era deals with the basis of the times.


~We went into the Electrical and Petro Fuel Mechanized Industrial Revolution -1900-1960's (included was early computing type machinery- Vacuum Tubes and early Transistor circuity)
~by the 1970's we had entered the advancements of Transistor Circuity (Analog) of Electromechanical Revolution;
~By the 1980's we had moved into the early stages of (Digital) Robotic Technical Revolution.
~By the 1990's we entered into the age of Information via Digital Programming Driven Technical and Robotic Revolution (Automation)
~*~Today, we have the 'Digital Age", which goes from Music to 3-D printers, to massive Online Data Base Portals, which run massive systems from digital module based programming. We have RFID and Robotically controlled elements from fork lift operations to basic packaging to loading operations.
Administration and other functions today are done by a variety of types of database supported data portal


I think its best that Baby Boomers don't grandstand so much, and realize that times changed as well as how things are done has changed.
I'm from the Baby Boom Era, but I don't care for the Grandstanding Mentality of Baby Boomers, and their " I' pulled myself up by my boot straps", because they negate to regard or denote the methods and types of assistance they received not only by others, but by how our system was structured to assist individuals. There are member of American society, who did not have accessibility to some of the attributes others had, due to the simplicity of the ignorance of racism and the segregationist divides in society.
Also back during earlier times, the knowledge was not as expansive as it is today, not even was safety concerns at the advanced level it is today. So regulations were more laxed, and sadly when some Baby Boomers met with the need to upgrade and modernize and elevate to meet regulatory standards, they whined like babies and some simply sold their business or closed it due to resistance to change and progress.
Those who adapted and got past the whinging and crying, and moved their business to meet required upgrades, went on to do well and become even more progressive in their business models.

Some new entrants who come from the Offspring group of the Baby Boomers, were able to start at a higher level, because the basis for Business Building Modeling was based on improved standards with improved tech to meet those standards. They only needed funding, from either the family or the banks and in later day cases we see venture capitalist have become a strong player in support funding.

The Earlier Baby Boomers, some got loans, some got credit extensions along with tax credits and tax exemptions in various areas and some leveraged their assets to push their business via support funding. If you note, there were many Partnership businesses built during the Baby Boom Era. Different times and different things, there were various government funding available to promote advancements as well as wide spread usage of various tech and production items and systems. This generated a massive allotment and dispersing of grants, loans and contracts, which also produce a mass of sub contract and agreement which helped not only a lot of Baby Boomer business, but created jobs for Baby Boomers in the mix of it all.

Today, most of those Grants and Contracts and Loans are consumed by the Large Business Entities, who seek out the most technological efficient cost reduction methods to get things done.
What a lot of business ignore is a guideline rule that no more than 30% of products can be foreign produced, they skirt this guideline rule by any and every means, which results to a usage of foreign produced materials to level that may well exceed 70%. This is a factor that hurts the current youth, and removes the benefit Baby boomers once had to set up shop, that no longer exist for the younger generations.

(IF the younger generations want to pose challenge, they should first challenge the guideline rule violations, which could reduce the % of foreign made products being used in Contract, Funding and Loan and other support which is Government Funded. It would set up for more Domestic Shop Creation, to provide the materials and products, and force a reduction to imports materials and products being used in Gov invested and backed projects. Sadly, most of the young people have no idea these provisions exist.)

Once upon a time there was also 48.x% Duty and Tariffs on Various imports, to protect American Production and Manufacturing from being flooded by imports as well as The US has been fighting infringements on Trademark, Patent and Etc since the early 1900. Unfortunately it was American Companies Operating and Producing On Foreign Soil, which pushed the political agenda to remove these Duty and Tariffs.. which made it advantageous for American Business to not only set up shop on Foreign lands, but to transfer technology, provide support funding and ultimately to move manufacturing to offshore locations.
Much of this can be blamed on the Baby Boomers and the Offspring's of the Baby Boomers. (In the past 50-60 years, we transferred everything of manufacturing and Productions to Japan and China, all in the name of American Greed, this was done by the Baby Boomer and their first Offspring Generations).

The Younger Generation today have to learn where we derailed, and they have to work to make adjustment in how they approach things, as well as what they do. Between the current Generation of Young Adults in their 20's if they get busy becoming aware, learn and take steps in how they make policy and how they deal with the political structure, they develop the script and can set the stage for the next generation in the process of regaining the American system of Industry and Productions of what it consumes. No nation can prosper when it produce less than 50-60% of what it consumes. We have to understand how quota's replaced duty and tariffs, and then work on our border management at our ports and other access points, to control better "quota". When we do that, we then can make better Trade Agreements, but at the same time improve our export standards to meet with a point of balance.
We can't continue to have a $30 BILLION a month trade imbalance with China, nor can we continue with the high imbalance we have with many other nations. We need to look at how this came to be, and that will include a need to change the political ideology of whom we elect into State Level and those from States who become Federal Congressional People. If we don't contain this group, then we loose. Remember it is Politicians who accept Lobbyist Money and contribution Money from Industry, to contort and distort our own economic system, pushing bills and authorizing measures, which by every act and fact is "Economic Treason" against the American Economic System. We should have long ago, imposed higher taxation on companies which produce offshore, and add in stiff quota and various duty and tariffs on anything produced offshore, which is targeting American land based production and manufacturing. Certainly, wipe out any an all tax concession or write offs companies claim for their offshore dealings and doings.

We also have to control big OIL, from the collusion they create in foreign nations, trying to secure oil rights, by funding and DE-funding factions, based on who gives them a deal. These Big Oil becomes a driving force which can feed and in some cases does feed into the political unhinging of foreign governments. Imported Oil should be a Federal Exchange, not one handled by private Industry, because it is a National Security Matter when it comes to "Energy Import/Exports of OIL".

Sadly, we have not become a society aware enough to understand that. Oil companies can continue to process and refine what they want which is derived through the International Federal Oil Import/Export Management System. It will greatly diminish International political meddling by Big Oil in International Political Affairs.


Again, read :

https://www.city-data.com/forum/economics/2233155-millennials-arent-cheap-theyre-broke-3.html#post37117910
If we don't look back and see where we gave away and sold away the economic power of American industry, then we will be doomed not only to continue the process, but we will further result to make national destitution by process driven by the greed pursuits of the wealthy elite, their lust for the seeking of slave wage labor from foreign shores will only escalate. This will ultimately wipe out the middle class, and reduce our system back into an indentured servitude not unlike the program of share cropping. The 1% will have created themselves a Monarchy, masquerading as a democracy, when fact is their industrial lobbyist buy away the voice of the people and the oligarchs and plutocratic process will have engulfed American people, and reduced us to the conditions no unlike Argentina, Spain and other challenged citizen populations of large nations.
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