"We have created a system for growth that depended on our building more and more stores to sell more and more stuff made in more and more factories in China, powered by more and more coal that would cause more and more climate change but earn China more and more dollars to buy more and more U.S. T-bills so America would have more and more money to build more and more stores and sell more and more stuff that would employ more and more Chinese ...
We can’t do this anymore. "
This is a very provocative editorial. My question is how will retirees adapt if Friedman's prediction is true and it's all different this time? I agree with him that we are undergoing profound economic, social, climate changes that will create an entirely new world with a different set of assumptions. What will those assumptions be? Very interesting to think about.
http://www.nytimes.com:80/2009/03/08/opinion/08friedman.html?th&emc=th
We can’t do this anymore. "
This is a very provocative editorial. My question is how will retirees adapt if Friedman's prediction is true and it's all different this time? I agree with him that we are undergoing profound economic, social, climate changes that will create an entirely new world with a different set of assumptions. What will those assumptions be? Very interesting to think about.
http://www.nytimes.com:80/2009/03/08/opinion/08friedman.html?th&emc=th