“Some consulting firms have been touting misguided projections of labor cost sav

–“Some consulting firms have been touting misguided projections of labor cost savings and supply chain efficiency and encouraging companies to offshore to China for decades.”– Fortune

Um.. yeah…. There were some of us who warned about the S&L crisis, the fall of the soviet union, the 2001 tech bubble collapse, the 2008 real estate bubble, and the 2025-2030 collapse and likely world war.

It’s not that we don’t KNOW these deterministic events are going to happen. It’s that people won’t give up their opportunities until FORCED to by world events. And government won’t act to force the change, and redirect the economy into new productive ends.

Behavioral Econ = Behavioral Science (instincts)
Austrian Econ = Economic Science (incentives)
Freshwater Econ = Insurance against shocks.
Saltwater Econ = Baiting shocks assuming that the shock recovery cycle will still produce gains faster than the more tempered growth. (failing to account for individual harms by measuring aggregate goods)

We need to get back on a lifetime (monarchy) or 100year (republic) plan. And in doing so prohibit further incrementalism by the saltwater and the left.