re: Deindustrialization - Have We Become a Poor Country?

As Plato pointed out, democracies, and even our republicans system, almost immediately decay into oligarchy.

One of Bloomberg News style guide rules is, you’re not allowed to call Michael Bloomberg an oligarch. But that’s what he, and everyone from Bezos to Zuckerberg are.

And this is why Washington doesn’t work, it’s because the whole system supports the needs and wants of the oligarchy, a small fraction of society, and whose interests aren’t necessarily in the interest of the country, often what they want is actually damaging to it, simultaneously Washington does as little as it has to, to keep the average person content enough.

For this basic reason, we actually share some of the same problems they do. Their government works better in some specific ways though, they pursue policies that reflect the national interest, more than we do, and their foreign ministry and ministry of finance are more professional than ours.