(08-18-2016, 01:39 PM)X_4AD_84 Wrote:(08-18-2016, 12:43 PM)playwrite Wrote: You all are way too pessimistic.
The infrastructure necessary for electric driverless vehicles will make Eisenhower's interstate build out look like a piker and thus the 50s/60s economy/bull market rather tame. It's a race but they are already testing Uber driverless cars out in Pittsburg. All that an economic contraction would do is hasten the Congress in reaction to provide the stimulus for the build out.
What you are also missing is that the GOP is effectively destroyed as a national political power. It was Bush, Trump is just the cheery on top of the sunday. Adams ending the dominate Jefferson party, Buchanan ending Jackson's, Hoover ended Lincoln's, Carter ended FDR's and Bush/Trump ended Ray-gun's. That paves the way for eventual recognition and full employment of our monetary system - deficit hawks will be eliminated from the federal government (perhaps taken out and shot for all the harm they have inflicted) and replaced by technocrats that will keep a controlling hand on inflation. There will be much more federal expenditure, but in a public/private partnership manner that will keep the deposed remnants of the GOP at bay.
The economy is going to boom and it will be done under an increasingly Progressive government, including the SCOTUS, that will seal the deal for decades. The hillbillies, like Classic, will eventually come around or at least their kids and grandkids will.
Whether driverless vehicles or other major infrastructure, the scenario you describe here is a lot like what the Asian Tigers did to move from 3rd world to 1st or at least high 2nd world countries. Most Americans are incredibly naive about what heavy hands the governments of Singapore, Taiwan, and South Korea exert. The T-baggers would be screaming bloody murder daily about things most people in those countries take for granted and expect.
This is so true and insightful.
It's why there really can't be compromise among the players with Bob's noted value difference or some sort of emergence of a compromised "different way" (I'd say "3rd way" but that's got way too much baggage). If it's a true 4T, the coalition of the Ayn Rand financial elites and their hillbilly sheeple has to go down at least as much as the 1580s Spanish Armada, 1770s American Tories, 1860s Plantation Owners (with their Southern poor White minions), and the 1930s Fascists.
And it will be for their own good as well as for everyone else. The hillbillies will get good-paying jobs and the financial elites will have an economy that sustains them (although much more constrained in their vampire squid sucking)