INDIVIDUAL FREEDOMS IN USA

 

Published by El Nuevo Herald on November 1, 2012

One of the basics of our system is the individual freedom that moves the springs drives of entrepreneurs. That's why many advocate the elimination of regulations that supposedly are suffocating the private sector. However, the question that comes up is more How can you grow an economy where the private sector does not offer jobs and the banking sector does not lend?

Over the years there has been systematic relocation of U.S. production factors to other countries, particularly China. Most U.S. investors have placed their resources outside the country and have advised their clients and associates the same proceeding. If the majority of private resources are outside the country, how can we continue with a sustained economic recovery?

Most U.S. financial obligations are held by Chinese and Arab. The bonds of U.S. public debt have been mostly acquired by China and Arab countries. The payment of this debt at maturity, draining public resources that in turn, should be used to finance domestic growth. How can we deal with the trade requirements of China and Arab countries without enrage them? Could this situation be a possible influence in the U.S. debt Refinancing?




Now, we know that jobs aren't being created and loans aren't being given. We also know that the private sector has outside its resources and the public sector is mortgaged to other countries. We wonder whether some regulations are justified to help our country.
-In U.S. business can earn a million dollars a day and having a single employee or none.
-In U.S. exists freedom to opening a business anywhere in the world.
-In U.S. funds can be placed in any other country of your choice.

It is time that we realize that economic model we know has to change. Without affecting individual freedoms ever, we must recognize that certain measures should be taken in order U.S. continue its global hegemonic role. We can not keep allowing some practices that are detrimental to our country and are made under the individual freedoms given to us.

BENJAMIN F. DeYURRE.
Economist and Journalist