Before you read this article visit what one of the longest serving veteran US Senator in American history has to say about the 'cancer' that is destroying America's way of life and the backbone of their nation, the middle-class, who have lost the most and will continue to do so under the present economic values.
'American's Real Struggle-- Against Billionaire Oligarchy' (2015) by US Senator Bernie Sanders - http://www.opednews.com/articles/American-s-Real-Struggle--by-Bernie-Sanders-Billionaires_Oligarchy_Real-Democracy-150209-894.html
And also, how the TTP (Trans Pacific Partnership) will wreak havoc on future America and its people - 'This is what corporatocracy looks like!: Trading US Democracy for Corporate Profits with TPP' - http://www.opednews.com/articles/This-is-what-corporatocrac-by-Dave-Lindorff-Corporate-Corruption-Crime_Corporate-Rule_Corporatocracy_Democracy-150215-572.html
Life for most people is about being happy with the environment that we live in. That mainly revolves around family values and the happiness that the family brings. Many things are the reason for human happiness but where a dynamic society for jobs and family security rate very highly in the overall picture for attaining personal fulfilment.
Indeed jobs are the supporting mechanism that provides society with their family’s ultimate security, as without jobs there is loneliness, sadness and in many cases, great family hardship. No-one can guarantee jobs but where if we look at how Western governments and our largest businesses have operated over the last thirty-five years they have literally thrown jobs away for their people. In this respect these jobs have been sacrificed one way or the other on the great altar of vast medium term profit and the personal greed of the very few that drives this continual degenerate system for humankind. Indeed a mere 33-years ago in 1980
But the irony of all this massive transfer of economic power brought about by corporate compliant political leaders and the vast investment wealth provided by Western corporations and our banks is that both our politicians and corporations now have to go cap in hand to China et al. Indeed
With near $5 trillion in currency reserves constantly rising and a mere 10% debt GDP figure, China has all the hallmarks of a global power in place to conquer whatever it wants economically and in years to come military as well. The EU in particular should be critically concerned about this threat. Indeed when we look at the West today with its huge unprecedented debt level that may never be paid back, all Western economies and their people are legally bankrupt.
So what can the West do to reverse this impossible position?
Well the first thing is that the people can get their political leaders to listen to them and change their mindsets away for looking at China et al as an opportunity (an opportunity for the very few it has to be said and not the many, as the majority of the people will not benefit) and secondly to start the long-haul back by providing the new foundations for an economic revival.
This will not be easy and will take decades to turn back the economic tide, exactly how the Chinese leadership planned their economic global strategy some 35-years ago. Things will definitely have to change and where the world’s largest corporations are growing in the East and declining in numbers in the West. This trend has been going on now for around 20-years and where it is not hard to see why the global economy is now tipped more than 50% in their favour. Indeed in this respect I remember around 10-years ago that an Asian businessman stated that you (the West) have your billionaires, but we shall have the first trillionaire. His words today look as though they will eventually come true as the global economy intensifies and will at least double over the next 50-years. Indeed to show the economic and financial power of the largest corporates presently, a mere 2,000 companies according to Forbes last year controlled 51% of global GDP; some $36 Trillion in nominal terms and leaving only 49% of the economic pie for the rest of the world to fight over (not a lot when the companies comprising of the Forbes 2,000 only employ 163 million people and where the world’s estimated working population is around 4,500 million). It is therefore an appalling statistic that a mere 3.6% of the world’s working population controls 51% of the world’s GDP or in terms of total population a mere 2.3% leaving 98% of people outside this greatest wealth earning sector. Unfortunately it has to be said that this continued and continual dysfunctional economic disparity in human equality is a recipe for major global unrest in future times.
So what ultimate force has the West still got that can start the long-haul back and bring back prosperity for ‘all’ people in the West in time? In this respect when we look at the history of the world we see that all wealth starts when an innovative idea is exploited. Seems too simple to be right but where it is a fact. Indeed when we look at all past empires and how they emerged, it was because their innovations were far more advanced than their competitors. For by having better innovations they made their competitor’s products and services obsolete over a relatively short period of time, including military innovations that killed more people than ever before. Therefore our future change for the better for the people in the West has got to include as its No.1 golden economic key, the identification and exploitation of innovation in all its facets. Unfortunately people still consider that governments and our corporations have the right innovation mechanism in place but clearly with the West’s economic decline, they have not.
So what is wrong?
Western governments have to take control of the direction of global trade and where they have not to pander to the wishes of big business and be subservient to the power of the corporation. To do this western governments have to determine the effective global strategy for the West, just like the Chinese leadership did several decades ago for
Economic wars are like military wars even though a single bullet may not be fired in anger. But economic wars are far more devastating over the long-term as they continue indefinitely and where there is a master and slave situation that emerges according to history if the imbalance reaches a level in excess of 70% of the economic turnover is controlled by a single side. In this case the East and by 2080 that unfortunately will be the very case according to current projections and the laws of probability.
Therefore the present innovation system that creates all new wealth has to step up several gears, has to adapt to a far higher level and has to master a new preeminent economic global model. In this respect a single invention/innovation can literally change the world and create in some cases, the largest global industries in history. As an example the ‘chip’ invented by Jack Kilby (a completely independent invention and where Jack's employer Texas Instruments did want to know when he initially showed it them) and where today it is estimated that the ‘chip’ underpins a global industry turning over $2 trillion a year that did not even exist in any meaningful way a mere 4-decades ago. Therefore a single technological breakthrough can create vast new global wealth and jobs in a relative short time horizon and where history again has shown that this has been the situation time and time again.
What can be done?
The history of science and technology tells us if we do an extensive and in-depth analysis of global S&T, that the fundamental thinking behind more inventions and innovations that have changed the world forever did not emanate in our universities or corporate R&D centres, but in the minds of independent thinkers outside these elitist confines; indeed up to 75% of all the fundamental thinking. This does not mean that our universities and corporate R&D centres are not vital, for they are. The problem is that they do not have within their economic system a mechanism that harnesses the creative thoughts of Western society and where this is pre-eminently and overridingly vital for the future. Indeed once this indispensable fundamental thinking has emerged Western universities and Western corporate R&D centres can then develop the technologies and services that this unique thinking provides on an unprecedented scale; far, far greater than what silicone valley and other world leading wealth creators have provided in the past for the people.
For we are in a war and people in the West should start to understand this fact clearly, a global economic war.
Therefore considering everything that is on the horizon for the West the most important step forward that we can do to prevent the collapse of our living standards to a point of extreme hardship over time, is to provide the creative infrastructure whereby our people’s innovative and fundamental thinking can be liberated and exploited. This to date has never been undertaken but where if Eastern economies adopt such a system and where it is only a matter of time not when, the West would never recover, as this would then be the completion of whole ‘innovation chain’, not just a part as is the current situation. Therefore it is vital that the West builds this creative infrastructure first.
Indeed, this fundamental thinking came from some of the greatest minds of the 20th century that included,
The late Nobel Laureate Glenn Seaborg (Element 106 Seaborgium), discoverer with his team of 10% of all the Elements on the Periodic Table and adviser to ten former US presidents (more by leagues that anyone in the history of the world, due to his remarkable/unique insight and great intuition of what others did not perceive).
The late Professor John Argyris (ceded inventor of the Finite Element Method by the US’s greatest structural engineer Prof. Ray Clough in his 1960 publication that coined the name and where it stated that the FEM was the ‘Argyris’ Method). The FEM according to many globally respected engineers is the most significant engineering invention of the 20th century. He did this like Seaborg did, through his remarkable/unique insight and great intuition of what others did not perceive.
The late Nobel Laureate Jerome Karle the US Navy’s chief Scientist and director of the Laboratory of the Structure of Matter, Pentagon, Washington, DC. He did what he created like Seaborg did, through his remarkable/unique insight and great intuition of what others did not perceive.
Dr David Hill
World Innovation Foundation
(updated 15 February 2015)
'The Government Problem' (24 December 2014) - http://www.opednews.com/articles/The-Government-Problem-by-Robert-Reich-Government-Crime_Government-Takeover_Legislation_Money-141224-359.html
'The Billionaire Sentenced to Five Years in Prison' (25 December 2014) - http://www.opednews.com/articles/Billionaire-Sentenced-to-F-by-Rob-Kall-Billionaires_Corporate-Personhood_Hong-Kong-141225-388.html