Economic Decline Quotes
There was a time when American business was not particularly interested in foreign markets. The entire nation was much more isolationist then.
The salaries of public official in India were then and still are quite low.
At the time Vidal, who shared this view with many economists, had no inkling of the digital revolution that the PC and Internet would bring, nor the other phenomena that eliminated the need for cheap labor — robotics and offshoring. Nor could he have foreseen the development of fracking making America virtually energy independent as it was before WWII. It appears that the problem has shifted from Vidal's issues, to that of what do we do with the American citizens who do not have advanced skills nor do we have methods of educating them and training them to this level. The quotation illustrates that it is always difficult predicting the future, but particularly hazardous when it comes to economics.
This is a very important quotation. In large part America's development to a great power was the result of American industry and enterprise. However, that characteristic among the Americans was rare in the South as de Tocqueville herein observes. This was one of the pernicious consequences of slavery. The Southern whites could live a very comfortable life without any ingenuity, innovation, hard work, passion or much effort of any kind. There was nothing that the South produced or created without slaves that anyone wanted or advanced the nation. Even after the Civil War and emancipation it took decades before the white Southerners began to adopt the enterprising behavior that the rest of America was known for and it would take until the 21st century for parts of the South the reach parity in this area with most of the rest of the nation.
