Such description is as discomfiting as it is to both market optimists and policy activists to tackle the unemployment as reality check in the 21st century.
Re Globalization:there is the WILL of all homosapiens: Christians,Jews and Muslims. Needless to say,Buddhists and Taoists are included in terms of cultural realities for all folks in the world with faith and tolerance in their ways.
In the current April 2009 issue of ATLANTIC magazine,Marx is cited for his views about forces and the relating surplus value to production.
As a former economist with US Labor Department,I am inclined to focus on labor as human resource of America and such human capital should be utilized to the fullest extent. However,there is increasing number of the jobless nowadays. "Keys for Economic Understanding" (www.Amazon.com) may be a useful reference to create jobs with marketable skills with training in the days to come to resolve the economic downturn in USA.
Francis Shieh aka Xie Shihao,a lifetime student of economics believing in fair distribution of income and wealth as Obama administration is set to reach such goal for the best interest of all Americans.
April 10, 2009 at 7.06 a.m.
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