To: President Obama
Expand the public sector and shrivel the financial sector!
Jobs in education cost 1/10 what jobs cost in a chemical dye plant, a capital-intensive industry. Qualitative growth could replace quantitative growth. As storytellers we could discover the stories in ourselves instead of gazing at the stories of office buildings.
Learning from the 2008 financial meltdown is a sign of our civilized nature. Countries are no longer buying US financial products. The dollar's hegemony is very uncertain. The US should take the lead for global security and re-balancing, closing tax havens and encouraging journalism and the human sciences.
Why is this important?
The financial sector was expanded at the expense of the real economy and should be shriveled to its core tasks. The financial part of education was expanded and financial products were created and promoted that caused the 2008 financial meltdown.
Housing, health care and job creation are vital necessities that are missed with precarious make-shift work, speculation and profit-mongering of the health insurance and pharmaceutical industries.