However I have a slightly different take that is not so obvious. From a sick person's point of view if you will.
So what is the not so obvious answer to what is really wrong with the economy?In order to answer that question, we need to look at what drives the economy.
What drives the economy? Knowledge, ambition, self interest, productivity,team work,finance, creativity probably some more stuff I can't think of right at the moment
Knowledge: New tools, materials, technologies, science, physics and finance(country has a bit too many financiers though)
Ambition: takes amibitious people who are motivated to make stuff happen.
Self interest: That ambitious person figuring out how to make herself rich instead of making somebody else rich.
productivity: having energy and clear thinking to execute effectively. No messing around and messing up. Mistakes are acceptable, but it takes execution and quickly implementing lessons learned to be profitable and competitive.
team work: Not any one person has all the know-how to get stuff done in todays world. Need thinkers, doers, creators, workers, leaders all working synergystically for a common cause.
finance: need funding, (warning! finance guys can dismantle and screw up a company fast, Need many more engineers and creators in top level management in my opinion.)
Creativity: Apple computer is a good example of this. Apple CREATES new products. Real visionaries determining the future of how we live play and work. Not some me too bozo's who's plan is to cut everybody's wages and benefits and ship the technology to china.
What is wrong with the economy? First ask yourself what do ME and HGRV's strip from people? Knowledge, ambition, self interest, creativity, productivity,team work
Not everybody is sick, but I don't think the economy can grow very well with illness skyrocketing and governments ignoring it. Autism/CFS, pain, fatigue, headaches, cognitive dysfunction, obesity, etc, etc.. All on the rise. These are quadruple whammies.
whammy: The once gifted people have been going aimlessly from doctor to Doctor since the 80s with no answers. Spending every last cent.
whammy: Look at health insurance premiums growth. 10-15% compound growth over the last 10 years, maybe more.
whammy: folks now on disability, SSDI, medicare, often getting prescribed drugs that make them worse, or require another drug to fix the side effects of the first drug. The only folks really thriving are the medical related industries from what I can tell.
whammy: governments ignore pleas of sick folks and never fund research aimed at finding ways to quickly diagnosis and help people recover. Instead, huge barriers are put in place to block innovative treatments like the one for cancer from Dr Burzynski.
Whammy: Too many business men/women lacking creativity and only after self interest. Who have seen no other plan except to dismantle company after company in self interest since the 80's.
The end result is what we are seeing now people. A bunch of dysfunctional people who show up to work, but are not effective. Worse yet, people who can't even work at all.
What needs to happen in a perfect world? A moon shot for addressing our health problems. NOT 100% with big pharma solutions necessarily, but also alternative treatments programs funded inside/outside of government agencies who are not influenced by lobbyists. People who really want to help do the right thing. Not the SPIN cycle folks.