[mjshira]

I have a friend is one of the most well educated people I know. He and I argue (in a friendly way) about a number of things. One topic I thought I'd share here and inquire as to what you folks think.

My friend thinks that economically we can not recover as a country, that standards of living will go down in this country and our economic system is not 'free' but rather that it favors the wealthy at the expense of the non-wealthy.

He further states that we don't have the necessary industry in the country to support a reduction and eventual elimination of export deficits which means that wealth will continue its flight from our country to other countries.

Are our days of success over? Will we be the next UK?

I'd like to hear what you guys think.