Economics-Re-inventing a New Economy
Re-inventing a New Economy
Wall Street’s interests in profits have nothing to do with America’s productivity. In fact, its quest for profits holds innovation and greater productivity down, wringing every ounce of energy out of the workplace in the name of “Return on Investment”, so that it is Wall Street that profits instead of America.
Believe it or not, America’s economic future lies in the creation of new forms of energy, in manufacturing, in assembly and in the production of technology and other precise equipment and apparatus that requires high degrees of quality control. It also lies in our ability to regionally develop and grow our own foods naturally in a safe and healthy urban, agricultural environment. Our problem is we do not currently have, or are we preparing a future workforce that is capable of working in these emerging areas of the 21st century economy.
As a nation, we’ve relied on others in developing economies around the world to supply these productive benefits for our uses, while we’ve focused our attention, education and training on “managing” rather than “doing”. This must change!
What do we use for resources for this new economy and the new jobs it provides? First, we have to properly prepare and educate our youth for tomorrow. We have to create incentives to keep them in school, interested in learning, highly curious and excited about the wealth they will be bringing to America’s futures. Private enterprise has a responsibility to education as well, insuring that the knowledge, skills and abilities education provides is strongly linked to intellectual development first, then to teamwork, problem-solving, risk-taking and entrepreneurial challenges - and opportunities. Educational goals should be graduate degrees or technical degrees for every American student.
For Las Vegas, it becomes our responsibility to identify something of value to export to the remainder of the world other than fun. This can be knowledge, technology, creative endeavors or products. We certainly have the infrastructure already in place, a diverse enough community population that represents 89 spoken languages, and a workforce that’s capable of manufacturing, exporting and marketing products and services to a global market. Another 21st century need for this valley’s long-range sustainability is our reinvestment in urban agriculture, where food can be locally raised for local consumption in a healthy, organic setting. A large amount of this food in terms of fruits and vegetables for local resorts can be grown on-site and used as part of their marketing programs for attracting guests to Las Vegas desiring safe, healthy foods.
Please provide us with your thoughts – and we’ll respond. We’ll also connect you with others so you can learn how they think as well!
Thanx!