While worrying about the next election’s outcome, I see an enormous opportunity for our nation. Other nations have worsening trends. As I’ve pointed out, China, by moving to state control of the economy, and the results of a horrendous population control program, is on a downward journey. Europe is more market-oriented, but declining populations are robbing the continent of dynamism.
By contrast, we can extend and maybe even accelerate progress by turning away from the industrial policy of “Bidenomices” and returning to policies favoring growth. We know what works, so why become pale imitations of others when we have a better formula? A Free-literate growing population working in free markets engaging with others in free trade will outperform “elites” running top-down economies.
I grew up in an era where the press told us the USSR would overtake us with its larger population and well-thought 5-year plans. Ronald Reagan saw it differently. He expanded our present and future arms capabilities, and the Soviets found they couldn’t keep up. Reagan knew we had the more productive system. Instead of burying the US, economic woes led to the dissolution of the USSR.
If we stay true to our principles, we will continue to lead the world to a better future. We can continue an upward march by reducing government interference in the economy, expanding free trade with other nations obeying the rules, and taking steps to maintain needed population growth. Of course, without a skilled populace, we will come up short.
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