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Customer Review

11 of 35 people found the following review helpful
1.0 out of 5 stars This book is irrelevant for the financial crisis we are in, October 21, 2011
This review is from: That Used to Be Us: How America Fell Behind in the World It Invented and How We Can Come Back (Hardcover)
This book is not relevant at all to our time period. Thomas Friedman praises China, a communist country with no freedom, no private property rights, an aggressive foreign policy, and massive poverty for many of the individuals who live in this hellish regime. We have nothing to learn from China. Thomas Friedman's ideas are also obnoxiously old fashioned and have failed everywhere they have been tried. For one thing, the "green economy" is a fraud. Obama has spent billions on this green fallacy. A real economy is based upon the sale of goods and services to individuals who pay with real money--that is, money that they have earned on their own (without subsidies). Thomas Friedman is not able to determine what the future is, or what the "next big" industry will be. I doubt it will be the "green industry," especially because this is an industry that exists only as a fantasy. Liberals have been telling us for 30 years that the "green" economy is the next big thing, and we are no where near seeing this type of economy becoming reality. Are we interested in spending trillions in the name of the "green" economy -- until we're bankrupt? I hope not. I recommend passing on this book and reading Mark Steyn's "After America" instead.
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Showing 1-2 of 2 posts in this discussion
Initial post: Dec 8, 2012 10:40:58 AM PST
Ajay Iyer says:
"A real economy is based upon the sale of goods and services to individuals who pay with real money--that is, money that they have earned on their own (without subsidies)."

Are you completely unaware that we spend almost $100b of our federal budget on corporate welfare (which is roughly double what we spend on welfare for real, living, breathing people) I'm not saying Mr. Freidman is always correct in his analysis, however, your lack of awareness regarding the largest recipients of federal hand-outs is utterly shocking. And the majority is not going to "small" corporations or businesses; we're talking about multi-billion dollar, multi-national corporations (those purported "job creators" that have a curious affliction that requires them to ship jobs overseas when they don't feel like paying Americans a living wage).

Get some facts, bud, before you make wild and wholly inaccurate arguments. The failed "green economy" is a result of the stranglehold placed on it by massive incumbent organizations who clearly benefit from a lack of competitive competition. These enormous entities do not actually desire true competition, but rather would promote the illusion of competition (e.g. a simple example would be the "competition" between McDonalds and Chipotle or Gap, Banana Republic, and Old Navy). If you are a true believer of the "free markets," you'll recognize this corporate system of manipulation of our markets and economy for what it truly is: bull-puckey.

And, by the way, we're not spending "trillions on the green economy;" quite the opposite. In fact, if we did in fact spent trillions on the green economy, the competition created against the vanguard of industry and business would create a far more robust system in which new products and innovation would arise and the consumer/market would be able to pick the winners and losers, not entrenched corporate interests that exist now.

In reply to an earlier post on Dec 9, 2012 9:05:49 PM PST
This is the type of response I would expect from a statist totalitarian. The reason why the "green economy" is not doing well is because it is ineffecient. Simple as that!
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