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It is interesting to think about how the European economies managed to go from utter destruction of their infrastructure in 1945 to globally competitive in 50 years. Japan, too.

The US is living on momentum from our previously unlimited resources, a previously uninhabited frontier to absorb malcontents, and a generally low population density that allowed us to import labor and brainpower. Now that the country is essentially filled up, and the oil is running out, we're going to have to make some considerable changes to our system if we want to maintain our economic position. How we're going to manage this without serious disruption is something to ponder. Even something as simple as providing reasonable general education is going to require wrenching changes.

by asdf on Sun Apr 11th, 2010 at 01:01:59 PM EST

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