Germany went through a period of excessive job losses due to competitiveness (high wages, among OTHER things) in a more and more mechanized and world based economy. Wealth for the broad masses stagnated, decreased, more folks on social programs, increased poverty to levels not seen since WWII, unemployment well over 10%..... Last about 10-12 yrs. Now, all the sudden we are becoming more competitive, due to many places in the world catching up to levels we were on before the sh.. hit the fan. I do firmly believe that we will go through the same process here, my personal guestimate is 10-15 yrs (starting in 2008) at a minimum. I think there are several other big questions that are worth thinking about: A.Why do we have to have growth over 2, 2.5 %??? Or why do we even have to have growth, period? Will the average person be so much worse of with "growth" being close to 0%, basically maintaining the status quo? Granted, in the US only, it would put as behind, but what about on a global basis?? B.The other question is what will happen when one day virtually all resources have been used up? C. When, not if, we get to the point that virtually everything can be made and produced, supervised by machinery, electronic devices, what happens to people? What will we be doing? Are still needed? And if, for what? Anyways, just some questions, I don't have definite answers for, but pretty interesting to mull over...... Ralph in OK.
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Today's Featured Article - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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