Why there’s reason to be hopeful

As for the United States, my outlook is decidedly negative. Barring any extremes– eliminating social security and entire departments of government, promoting a strong currency, attracting business through reduced tax and legislation, etc.– the country *as it exists now* is past the point of no-return.

I have great expectations, however, for it’s long-term prospects. If you look at basic economic resources: land, labor, capital, and entrepreneurship, the US has an abundance of all, including vast mineral and energy reserves, some of the best farmland on the planet, and a large, educated workforce.

When you put these resources together with a government that will simply move out of the way and make things easy for people to succeed, the results can be phenomenal.

Unfortunately, that’s not what the US has right now, and likely won’t for some time.