American Lifestyles Largely Financed on Debt

This analysis by University of Vermont Gund Institute for Ecological Economics Robert Costanza does a superb job of explaining recent economic history and the near term future implications. Vast reworkings of public policy particularly in the areas of taxes; corporation empowerment, market share, and subsidies; the decline of competitiveness in most business and commercial sectors; and trade policy particularly in the area of tariffs is critically needed immediately to reverse the drastic decline seen in the last one-third century.

http://www.latimes.com/news/opinion/commentary/la-oe-costanza10mar10,0,7077076.story

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