While the President uses his bully pulpit to jawbone for the middle class out and working folks, action must come from the private sector investors to find geniuses and to equip them with direction and capital to solve citizens’ highly-felt needs.
The most strategic and prominent of the highly-felt needs is for a renewable-powered energy system to fuel the nation’s homes and businesses in a manner that is competitively superior in the world. That is not a short term investment opportunity, although there is no reason why return on investment cannot begin in a relatively short payback period.
Genius is required to invent the system that should be based on maximizing solar power and augmenting it with other renewables. The transformation mechanism is exploiting fossil fuels, but not be doing what capitalists usually do. By that I mean, we cannot exhaust fossil fuels to the maximum before transforming to renewables.
The transformation must happen as fast as possible and that may run counter to normal investment plans.
America’s entire way of living needs reinvention and that should be exciting and inspiring to both investors and inventors. We need new community designs with a shift to higher urbanization. We need to preserve land for both agriculture and nature. We need to clean up contaminated rivers and streams and eliminate air pollution.
Someone needs to investigate the profile of current capitalists because it may be they are demographically too old to undertake new challenges. Their life cycles as investors may be too short. A shift in demographics to align with new geniuses is required, and from that will come new solutions, products and businesses that will employ people with upward mobile jobs.
Parallel with this initiative is the need to continue to develop the workforce with higher education and training.
President Obama’s desire to continue infrastructure investment is desirable, but lacks the extraordinary vision needed propel the new economy under a new plan for sustainable living.
“Obama: I won’t ‘twiddle my thumbs’ waiting for GOP
CNN’s Gregory Wallace
(CNN) – President Barack Obama explained why, amid a series of executive branch controversies, his renewed focus on the economy matters: it’s not only about financial stability, but about equal opportunity.
he message he sees as “jobs and justice” from the Rev. Martin Luther King Jr.’s March on Washington 50 years ago still rings true, Obama told The New York Times in an interview published Saturday evening.
To the many Americans who today are uncertain about their future, the 1963 march taught valuable lessons on racial equality and opportunities for “working folks,” he argued.