Quote:
Originally Posted by mynameisjim
For example, the super wealthy don't start companies anymore. Think about it, why start a company that takes up to 5 years to MAYBE turn a profit and requires you to work 12 hours a day when you can simply corner the food commodity or oil markets and make 20% on your money in a month or two?
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This is the core problem. When Japan and then China captured the manufacturing sector from us in the late 80s through now it was only a matter of time. How long could we buy everything from China until we are all broke. Yes products are cheap. Many at 1980s prices. But cash is scarce. And credit comes with high interest.
The worldwide marketplace really hurt the US.