"The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems -- the problems of life and of human relations, of creation and behaviour and religion."
-- John Maynard Keynes, 1945(1) --
Keynes was far ahead of his time.
Maybe, too far. The crash of 2008-2009 proved that "the economic problem" is still in the front seat. It drives us; we do not drive it.
Will the emerging world of scarcities of absolute necessities -- food, air, water -- force the change Keynes sought? To date, there has been precious little that is economical about economics. But nature may be preparing revolutionary changes -- for the better world Keynes spoke of if those changes are consciously appreciated and managed, for a worse one if unconsciously left to money's "invisible hand."
The 2008-9 crisis was a golden opportunity for men to begin to control the economy -- instead of it controlling them. The Bush and Obama administrations, by throwing money at the problem, let that opportunity slip away.
Thus, although nature's coming changes could help the middle class, we will take the more pessimistic but plausible route and assume men will fail to learn -- that money will stay in the driver's seat. What then?
The decline and fall of the middle class would destroy the American way of life, notably its form of government. Contrary to popular belief, that govern
Author Resource:-
Thomas Belvedere is the pseudonym of a political consultant to senators, representatives, governors, and the media. He worked for all levels of government, and for all three branches. An accredited expert witness in federal court, he has a Ph.D. in political science.
He authored "The Source of Terrorism: Middle Class Rebellion."
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