Ruminations on the electronics industry from David Manners, Senior Components Editor on Electronics Weekly.
Is America An Experiment?
Is America an experiment? We now know that when, in 1917, communism became the system of government in Russia, it was doomed to be seen as a failed experiment.
With OPEC, China, Russia, Japan and France looking at finding an alternative to the dollar for trading in oil, it looks as if the world might be losing its confidence in Uncle Sam’s economic future.
If the USA is on its way out as the richest nation on earth, then it will have laissez-faire capitalism to blame for it.
The bankers have shown us how American-style capitalism will end. Too powerful to be reined in by politicians, the bankers will require bail-out after bail-out until American governments can borrow no more, and America is impoverished.
As William Jennings Bryan, Democratic nominee for the US Presidential Election of 1896, didn’t quite say: ‘You shall not crucify America upon the cross of Goldman Sachs’.
TOMORROW MORNING: TOP TEN PHOTOVOLTAIC SUPPLIERSTags: american style, communism, confidence, democratic nominee, politicians