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<blockquote data-quote="bball" data-source="post: 1609464" data-attributes="member: 23752"><p>Ron, your post prompts the consideration that while we are competing in a global market, and standard of living is a major factor; however, the bigger factor maybe the unique challenges a "capitalist" economy faces when competing against other economies that are more socialist(state owned or financed). If you read the history of JBS, for example, their rise is amazing. Backed by a National bank, JBS's success was paramount for the success of Brazil. China is yet another glaring example.</p><p></p><p>The government can not fix that? Their policies are actually making it worse one could speculate.</p><p>Everything in nature seeks equilibrium. How is this happening economically today? The American standard of living is declining as the rest of the world standard of living improves. Inevitable.</p></blockquote><p></p>
[QUOTE="bball, post: 1609464, member: 23752"] Ron, your post prompts the consideration that while we are competing in a global market, and standard of living is a major factor; however, the bigger factor maybe the unique challenges a "capitalist" economy faces when competing against other economies that are more socialist(state owned or financed). If you read the history of JBS, for example, their rise is amazing. Backed by a National bank, JBS's success was paramount for the success of Brazil. China is yet another glaring example. The government can not fix that? Their policies are actually making it worse one could speculate. Everything in nature seeks equilibrium. How is this happening economically today? The American standard of living is declining as the rest of the world standard of living improves. Inevitable. [/QUOTE]
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