I posted the following comment in response to an AzCentral.com posting by editorial writer Joanna Allhands titled “The impact of long-term forecasts.
“30-year economic forecast”… Hee-haw.
“Recovery from this recession could take decades”… I don’t know how you define “recovery,” but I keep “seeing” 02013 as being a major breakout year. In other words, the “recovery” will take decades if we assume one-year decades (and one-decade centuries). Note: I use 5-digit years for a reason. [visit LongNow.org and subscribe to the SingularityU YouTube channel]
Want to get majorily depressed? Investigate “lump of labor.” We’re not yet in the Robotics Age; consequently, this recession’s “recovery” is giving us insight into the “lump of labor” problem that is awaiting us. The next recession has the potential to make this recession look like good times. In a nutshell: We need to start electing 21st century leaders rather than 20th century political dinosaurs.