The everyman takes on the economically powerful
There's a new poll about the public's views on the U.S. economy out from the Pew Research Center for the People & the Press. They ask a lot of questions about economic problems facing the nation and who's at fault -- it's interesting, read it -- but one of the more surprising results comes from a question asking people which country they think is the world's leading economic power.
Here's how they answer:
The United States 41%
China 30%
Japan 10%
The countries of the European Union 9%
Don't know 10%
China? 30% of people think China? Wow. I know China gets a lot of press and all, but still, it's a developing country. Consider this (thanks for the chart help, Feilding!):
Of course, there are a lot of ways to interpret "economic power." China does have quite a bit of weight to throw around when it comes to, say, commodities prices. Still, my intuition was telling me that 30% of people couldn't possibly put China at the top of the list for overall economic power.
So I called Pew up and asked what, exactly, they'd asked these people. Here's the question verbatim:
Today, which ONE of the following do you think is the world's leading economic power?
The United States
China
Japan
The countries of the European Union
Now, I know the folks over at Pew are real pros -- the survey question they sent me mentioned that the order of the four options was randomized -- but, nonetheless, I felt somewhat vindicated. If people hadn't been given the option of China, they surely wouldn't have mentioned it so often, right?
I decided to go outside and talk to some people to test my theory. In my question, I simply asked which country is the world's leading economic power. No multiple choice. Here's what people had to say:
Yesterday, I gave you a cheat sheet about what was in the video. Today you actually have to watch (I'm really sorry about the ad -- I don't put that in there). Let's just say there's a reason the people at Pew do the polling, and I sit here and write about it.
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1
Denmark! Denmark!!!
And I didn't even pay that guy or anything.
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2
@justin - I think you have committed grave mistake of finding your potential replacement - has she been eying your desk lately? I'd watch out...
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3
The True Cause Of The United States' Economic Downturn
Energy flows one direction and money flows in the other. In the modern world economy it is energy, not gold that gives paper money it's real value. Paper money is a trust certificate that says to both bearer and recipient : 'I am exchangeable for some amount of energy.' Everybody agrees to this principle, therefore paper money is valuable.
It is not just a coincidence that when the cost of energy was at it's recent all time low during the 1990's, the economy was booming. American paper money was more exchangeable for oil and other forms of energy than it is now. Because there is a serious developing worldwide energy shortage, primarily a shortage of oil, America is going to have to spends more and more of it's paper trust certificates for less and less energy from now on. Every American should think long and hard about this and understand that it is the high cost of energy that is tearing the economy to shreds.
The price of all energy has increased several times it's 2000 value because the world's economically developable oil reserves are shrinking at three percent a year. There is simply no way to reverse this trend, because most of the world's large oil fields have been found and the discovery rate of these types of reserves has been shrinking since 1963. Inexpensive oil has been, for the last hundred years, the country's most important energy source, but now it is beginning to run out. Because of this, the United States is just now entering a chronic economic decline, caused by the skyrocketing energy prices. If nothing is done to replace the disappearing, inexpensive oil and it must be done very quickly and on a truly massive scale, then the U.S. will go into terminal economic decline. America, take note! This is not hyperbole. These are the hard cold facts about the economic future of the United States of America.
Because energy is the bedrock of all modern economies, it stands to reason that founding our financial system on inexpensive, inexhaustible, and clean solar energy is the best coarse of action for the United States and the World. And we only have about 5 to 8 years in which to turn this into reality before the economic decline becomes the worlds worst depression.
Really big solar energy development, and as fast as possible, is the only real cure for the present economic downturn in the U.S. and the only safe and long term solution for the world's energy needs.
Solar panels that produce electricity are the permanent long term solution (over the next fifty years), but they are too expensive to be deployed on the required scale and in the limited time available to reverse the world's developing energy shortage.
The short term solution to our country's developing energy crisis is to build thousands of solar thermal power plants across the U.S. Solar thermal power plants can use the sun's light, to make steam, to power steam turbine generators, to produce electricity. The sun's light would replace the coal, oil, and gas that is presently being used to fire the power plants that now provide 80% of the electricity in the U.S.
Solar thermal power plants could be built profitably and quickly (within five years), almost anywhere in the U.S. They can produce heat, electricity, and hydrogen. Using sequestered CO2, and the hydrogen from these plants, methane (natural gas), and methanol (an excellent gasoline analog) can be produced in huge quantities. This would actually reverse global warming gas emissions, while providing all the transportation and industrial fuels needed.
Heating buildings and water requires fully one third of the energy used in the country. This can all be done inexpensively with low temperature solar energy at the points of use. Wind, hydro-electric, and ocean wave energy are all really tertiary forms of solar energy. Their development and wide spread use should also be increased as fast as practical.
Fully developing and deploying the needed manufacturing, construction, transportation and maintenance businesses for a mature solar energy industry in the United States would provide twenty to fifty million high paying, non-exportable jobs over the next ten to fifteen years and it would provide real security for our nation. And the U.S. economy would once more begin to boom as the country again, becomes a net energy exporter. Talk about real economic security!
With these things in mind, it is no surprise that Johnny-come-lately Venture Capitalist's have recently begun to put their money (Jan. 31 /PRNewswire/ -- Venture capitalists will largely direct their investments to the greentech ...) into developing the world's one true, practical, safe, clean and scalable alternative-energy source.
Truth be told, solar energy isn't just the most practical alternative energy source for the future, it's the only practical energy source for the future!
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4
Hey, That Anonymous Dude: Are you hitting on me? Because you're definitely flattering me. Justin is my role model. I hope to some day be half as smart as he is about business and economics. I think the real person we need to worry about eyeing our desks is JamesFlaherty here.
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5
Nobody ever picks Canada.
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