Critical challenges facing the US Economy | Implications under Old Capitalism | Implications under Free Capitalism |
1. Current economic and financial crisis |
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2. Diminishing investments and potentials in most employment intensive industries in the US.
3. Industries migrating overseas where they obtain better returns due to higher growth potentials, low wages, and low environmental standards. |
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4. Low wage competition from developing countries. |
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5. Global Warming |
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6. Dwindling Petroleum and other mineral reserve7. Our dependence on foreign oil |
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8. General Differences 9. US Budget deficit 10. US Trade deficit 11. US debt 12. US dollar 13. US unemployment 14. US leadership |
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