Refuting the Cynics

Silent_One

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An interesting article in the NYT today regarding how well the US is actually doing economically as well as socially compaired to 25 years ago. Sometimes it's good to hear how well things are really going. It help puts things in perspective.
I've posted the article in it's entirety for those not registered at the Times.....

Refuting the Cynics
By DAVID BROOKS

Published: November 25, 2003

http://www.nytimes.com/2003/11/25/opinion/25BROO.html
The Economist magazine recently observed that in the 40 years following World War II, "America and Europe seemed to be growing more like one another in almost every way that matters." Demographically, economically and politically, the United States and Europe seemed to be converging.

Then, around the middle of the 1980's, the U.S. and Europe started to diverge. The American work ethic shifted, so that the average American now works 350 hours a year — 9 or 10 weeks — longer than the average European.

American fertility rates bottomed out around 1985, and began rising. Native-born American women now have almost two children on average, while the European rate is 1.4 children per woman and falling.

Economically, the comparisons are trickier, but here too there is divergence. The gap between American and European G.D.P. per capita has widened over the past two decades, and at the moment American productivity rates are surging roughly 5 percent a year.

The biggest difference is that over the past two decades the United States has absorbed roughly 20 million immigrants. This influx of people has led, in the short term, to widening inequality and higher welfare costs as the immigrants are absorbed, but it also means that the U.S. will be, through our lifetimes, young, ambitious and energetic.

Working off U.N. and U.S. census data, Bill Frey, the indispensable University of Michigan demographer, projects that in the year 2050 the median age in the United States will be 35. The median age in Europe will be 52. The implications of that are enormous.

As we settle down to the Thanksgiving table in a few days, we might remind ourselves that whatever other problems grip our country, lack of vitality is not one of them. In fact, we may look back on the period beginning in the middle of the 1980's as the Great Rejuvenation. American life has improved in almost every measurable way, and far from regressing toward the mean, the U.S. has become a more exceptional nation.

The drop in crime rates over the past decade is nothing short of a miracle. Teenage pregnancy and abortion rates rose in the early 1970's and 1980's, then leveled off and now are dropping. Child poverty rates have declined since the welfare reform of the mid-1990's. The black poverty rate dropped "to the lowest rate ever recorded," according to a 2002 study by the National Urban League. The barren South Bronx neighborhood that Ronald Reagan visited in 1980 to illustrate urban blight is now a thriving area, with, inevitably, a Starbucks.

The U.S. economy has enjoyed two long booms in the past two decades, interrupted by two shallow recessions, and perhaps now we're at the start of a third boom. More nations have become democratic in the past two decades than at any other time in history.

In his forthcoming book, "The Progress Paradox," Gregg Easterbrook piles on the happy tidings. The air is cleaner. The water is cleaner and we are using less of it. Our homes have doubled in size in a generation and home ownership rates are at an all-time high. There are now fewer highway deaths in the U.S. than in 1970, even though the number of miles driven has shot up by 75 percent.

Obviously, huge problems remain. But the overwhelming weight of the evidence suggests that despite all the ugliness of our politics, this is a well-governed nation. The trends of the past two decades stand as howling refutation of those antipolitical cynics who have become more scathing about government even as the results of our policies have been impressive. The evidence also rebukes those gloomy liberals who for two decades have been predicting that the center-right governance of Reagan, Bush, Clinton and Bush would lead to disaster.
Most of all, the evidence rebuts the cultural critics of the right and left, who have bemoaned the rise of narcissism, cultural relativism, greed, and on and on. And while many of these critics have made valid points, if you relied on their work you would have a horribly distorted view of the state of this nation.

In his book, Easterbrook seeks to explain why we feel gloomy even as things go well. I would only add that the beginning of political wisdom in times like these is realistic optimism, and the proper emotion at this season is, as always, gratitude
 
So much of whats happend recenlty is absically being done on the bvacks of future taxpayers, consumers and investors I wouldnt be too exhuberant about it. Tho Im a fiscal liberal Im conservative by nature when it comes to this kind of soap box... Too much debt in the consumer space, too much gov debt and too many losses by investors in the stock market...

This feels more like post Iraq war upsurge than anything sustainable. Consumers still are packing on to much debt from over consumption partly supported by the swell of mortgage restructuring which will eventually vent itself out...
 
I really like what Bush has done except the spending does concern me. This medical program that pays for perscriptions really concerns me.
 
I more or less agree, I think Reagan, Bush, Clinton etc had administrations that were amongst the most successful of all times in terms of US progress.

Part of it is attributable to the end of the cold war, an upsurge of global investment, and of course brilliant fed policy.

But I do believe the outlook is extremely rosy for the long haul.

Once the Middle East comes around, hopefully they can enjoy the success as well.
 
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