Friday, October 24
Future Spending in America
The era of big spending, large houses, long commutes and giant SUVs and trucks are over. Sure, the contraction back into tightly packed cities and small modest houses, budgeted spending and compact cars will not come over night and it is equally sure that the indebted and breaking US consumer will fight it every step of the way, but it is over.
But there will be massive problems in the cities. Over crowding is the most obvious one. But with little industry, little money and only the service economy to rely on, the cities will be poor, angry and dangerous, as well as over crowded. The country side will become once again lonely and manageable and small towns and villages a lot more inviting. A return to America circa 1920s is more likely.
One final issue must be faced, the one issue that could easily launch those over packed cities into full scale revolt: veterans. Yes, with bankruptcy of the great big world wide empire, some one million well trained and often enough, well armed, veterans will be returning to the cities where their chances of jobs are slim at best. If they take arms, things in the America of the 2010s will be rather interesting and lively indeed.