Tuesday, February 26, 2019
U.S. Is a Rich Country With Symptoms of a Developing Nation
Here is an interesting opinion piece on how the US exhibits traits of a developing economy. The article reports several economic outcomes that we have not specifically addressed in class, but are important nonetheless.
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2 comments:
Professor Skosples, this is a very interesting article that highlights some outcomes where the United States is not doing well whatsoever. While I agree that the United States should work to address these issues I would not agree with the scope of what is being suggested. I would personally agree more with the notion that America is two countries, one developed and another developing one for the poor. I do not think poor infrastructure is enough to say that the nation is in decline. I would argue that American's in general are not as keen on infrastructure expenditures as other nations. These points aside it was an interesting article that brought up some points I hadn't thought of before!
This article is interesting in terms of how I think market capitalism could be imperfect. In the past I have seen pharmaceutical companies creating very strong painkillers and also selling kits for cardiac resuscitation, because lots of people were dying after overdose (or even just the prescribed amount, but the designated targets for the pills were for patients that had to go through excruciating pain. The cycle was ongoing and they made a lot of profit by throwing morality aside. I think there should be more supporting and involvement from the US government in improving the living standards of the citizens and also making restrictions on certain industries that are related to health care, etc. That is why I think America has the problems that are "like developing countries". Even when you look at public transport systems, only a few major cities have such convenience and most of them around the States are lackluster. The rich keep getting rich and the poor usually do not climb up the economic hierarchy for the rest of their lives.
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