Fourth of July Thoughts
I realize it isn’t really the fourth yet, but I found this article by Michael Barone to be quite thought-provoking.
So just as the rural farm is no longer a means by which the great bulk of Americans can accumulate property, so the suburban house seems unlikely to be a wealth-accumulating investment for the next generation or two of Americans.
What, Walter Russell Mead asks, will take its place? How will most Americans continue to accumulate wealth and enable us to maintain a robust property holders’ democracy?
Finding an answer, it seems to me, must start with recognition of a change that has been occurring for decades and that has accelerated with the financial crisis and recession: The fact that Americans are less likely to work their whole careers in large organizations and more likely to work in small organizations and skip from one to another.
We are less likely to find success and accumulate wealth as small interchangeable cogs in very large machines and more likely to do so as unique contributors to nimble and adaptive enterprises. We can no longer rely on the brand names of our employers but must seek to establish brand names of our own.
I just hope we find that answer before the welfare state destroys the nation completely.
By the way, this weekend would probably be an appropriate time to donate to some charitable organization that serves those that serve us. For example:
- Homes For Our Troops
- The Disabled American Veterans Charitable Service Trust
- Tragedy Assistance Program for Survivors
- Operation Homefront
Oh, and I do hope to be back on a more frequent blogging schedule either tomorrow or Tuesday, since the family crisis has stabilized.