The Decline Of The Dollar Essay

2212 words - 9 pages

The Decline of the Dollar
America’s fiscal crisis is complex. Although the economy has always had its highs and lows, the recent subprime mortgage crisis, a $10.6 trillion national debt, and a growing unemployment rate are all indicators that America is in a recession. Though this paper may simplify the solutions needed to help the economy recover, they are based on sound economic principles.
The national debt is the most pressing issue. Debt builds when I spend more money than I make. A national debt is not something new for America, but the size of the debt is alarming. Since 1981, the national debt has increased by a factor of 10. So even in those times when our country’s economy ...view middle of the document...

The success of these programs has been slim. Numerous studies have shown that implementing a quality standard rarely improves a company's performance, and my own personal experience validates that.
Various reasons are cited for this failure, because anyone familiar with the standards recognizes that the best practices advocated themselves are not faulty. The reasons cited mainly have to do with American managerial attitudes. The implementations were 'top-down,' imposed from above rather than 'bottom-up' so rank and file employees never had a stake in them, managements created no follow-up programs to measure effectiveness, etc. And all of these reasons are also proximate causes for their failure.
But quality in TQM is often defined as the totality of features and characteristics of a product or service that bear on its ability to satisfy the expectations of consumers. In other words, quality is "giving the customer what he wants." In pre-implementation training, consultants often used McDonalds as an example. Every McDonalds' hamburger, no matter where made or bought is identical. When this example was presented to rank and file employees, they scoffed. They often asked, "What do we need all these new policies and procedures for? We're already producing junk." It was not that the policy was being imposed 'top-down' that alienated the rank and file employees; it was the program's goal. The employees recognized that merely producing junk more consistent would not stem the economy's decline, since junk never competes well with quality. What really caused the economy's decline was the business model adopted by American companies, touted by America's orthodox economists, and aided and abetted by the government.
Ideally, companies exist to provide products and services to people. If the products and services are good, the companies prosper; if they aren't, the companies fail. That's risky, so American companies inverted this model. They fed the public the notion, which has rarely been questioned, that a company's responsibility is solely the financial welfare of its stockholders. Products and services are no longer the goal of business; they are merely means to profit. That reducing quality leads to greater profits quickly became evident. One fewer olive in each jar, one flimsy part in a complex device, one inefficient procedure in a manufacturing process, built-in obsolescence, built-in short product life-cycles, engineered high failure rates. The American quality standard became, "Junk"!
To ensure that American consumers would buy this junk, a number of other policies were advanced—declining employee wages so that consumers could not afford to buy more expensive imported produces, un-enforcement of immigration laws and the introduction of special visas such as H1B1s so that the workforce would expand putting even further downward pressure on wages, restrictions on the ability of American workers to organize, and finally the off shoring of...

Other Papers Like The Decline of the Dollar

The Decline Of The U.S. Education System

1149 words - 5 pages . Some of the major issues in the U.S. educational system consist of lack of equality in education, and decline in academic test scores. The U.S. spends more per student than any OECD nation, and other countries also seemingly invest funds differently than us. In addition, most countries invest money where the challenges are greatest Many have emphasized higher teacher salaries as oppose to smaller class sizes. Largely, they emphasize teachers

The Historical Movement of the Yen and Dollar Exchange Rates

1529 words - 7 pages The Historical Movement of the Yen and Dollar Exchange Rates Johan Floyd Omoso Boles 173812 International Christian University International Finance Heather A. Montgomery Abstract: This study finds the purchasing power parity (PPP) model of exchange rates to explain movements in the yen-dollar exchange rate over the long run of twenty two years. The results show that this theory does not necessarily provide a satisfactory explanation

The Decline Of Japan’S Birth Rate

1207 words - 5 pages Japan needs to have more babies. The population of Japan is declining, and the birth rate is a base problem. People just aren’t having enough babies anymore. This will be problematic, as Tomm says “The consequences have had negative effects as fertility rate continues to decline and life expectancy continues to increase”. After the birth rate has been declining for the past four decades, the old far outnumber the young at a ratio of nearly 2:1

The Two Trillion Dollar Meldown

2345 words - 10 pages The Reasons Why: Our current state of affairs per Charles R. Morris In the book, “The Two Trillion Dollar Meltdown: Easy Money, High Rollers And The Great Credit Crash,” author Charles R. Morris, gives his account of what he believes are the reasons for our current state of economic affairs, his arguments are many and his belief is that a combination of events is what has lead to our current dilemma. He informs the reader of the current

Where Is The Dollar Headed?

869 words - 4 pages SummaryThe world of economics seems nervous with thoughts concerning the impact of the rising dollar on next year's economy, yet the consensus opinion looks for logical economic growth of 3 per cent in 2004. On the other hand, everyone has noted the dramatic and time compressed rise in our currency over the past year. Acknowledged that interest rates, both short - and long-term, have stayed relatively flat over that time, there has been a one

Redistribution's Effect on the Dollar

1346 words - 6 pages Redistribution’s Effect On the Dollar By: XVR Mrs. ---confidential-- Task 1: Cause Entitlement and Redistribution/Effect: decay of the value of the dollar There comes a time when financing a nation becomes too much for the business sector to handle, and the nation’s debt begins to weigh down on it like increasing gravity. When something like this happens, the first and most illogical choice of action is raising taxes. Despite

The Welsh Decline

947 words - 4 pages bloke in Aberystwyth demanding a bi-lingual sign on his local fish and chip shop” and “some bloke in Altrincham moaning about the German signs on his local fish and chip shop”. These contrasts lets the average reader feel how the Welsh have felt for more than a century. Tom Law uses the history from the past 170 years to further explain the decline of the Welsh speaking population. He explains to the reader that it is not just a natural process of

The Decline Of The West By Hanif Kureishi

1044 words - 5 pages Hanif Kureishi: The Decline of the West In a time where many people have gotten accustomed to having plenty of money and therefore buying a lot of stuff they do not actually need, a lot of these consumers have also experienced the downside of their materialism. The economic crisis has resulted in a lot of people losing their jobs, investments turning out badly and huge debts. But what happens when one of these individuals gets caught between a

The Decline Use of the Music Compact Disk

1766 words - 8 pages The Decline Use of the Music Compact Disk Student Name University Marketing (Assignment-2) Name, Professor February 23, 2013 The Decline Use of the Music Compact Disk The media known as a compact disk (CD) in particular music CDs are on the way out as did the VHS tapes and the VCR. The causes of music albums diminishing usage is a result of advancing technologies, World Wide Web, production and distribution efficiency. Music

Growth and Decline of the Industrial Sector in the Uk!

1293 words - 6 pages M2- Growth and Decline of the industrial sector in the UK! There are two ways that the growth and decline of industrial sectors is measured. One way that they measure it is by employment and the second way it is measured is by looking at the production and sales of goods which is then measured in the form of GDP (Gross Domestic Product- income from the total products made at home). To understand more about the growth and decline of the

Two-Million-Dollar Procurement for the Purchase of Vehicles for the Fleet of Trucks

684 words - 3 pages Imagine that you are working on a two-million-dollar procurement for the purchase of vehicles for the fleet of trucks and cars to be used by the U.S. Department of Homeland Security, Customs and Border Protection. These vehicles will be used for off-road driving on dirt roads in Arizona. Your manager has asked you to select the type of contract to be used for the vehicle purchase.  Choose to respond to this scenario from a government or a

Related Essays

The Decline Of The West Essay

1107 words - 5 pages The Decline of The West Short story by: Hanif Kureishi The Decline of the West is a short story written by the English, half Pakistani writer Hanif Kureishi in 2010. The main theme in the short story is the capitalism and how material we have become in the West in the year of 2010 and how we strive to gain material comfort ahead of true happiness and greater meaning in life. The short story’s main character is a forty-five year old man

Decline Of The Mahdist State Essay

1027 words - 5 pages Analyse the factors that led to the decline of the Mahdist State by 1885-1898 History 11 When the Mahdist had finally gotten free from the Turko-Egyptian rule the Mahdist finally got their chance to be a state of their own. They finally threw out the Turko-Egyptian administration and created their own centralized administration and the high income taxes the previous rulers had and replaced it with less demanding and lighter taxes of the Koran

Decline Of The Roman Republic Essay

2426 words - 10 pages During the last century BC the Roman Republic was in turmoil, civil wars had wrecked the country, and out of these conflicts came a powerful dictator the general known as Sulla. Sulla took power through corruption and violence. His dictatorship was characterised by the constitutional reforms that he tried to implement in order to prevent future violence, and paradoxically to retain the traditional Roman power distribution. These reforms did not

The Decline Of The Ottoman Empire

2990 words - 12 pages Empires can be likened to complex kaleidoscopes which change colours through time. For this reason it is difficult to see if an empire is steadily weakening or reforming by changing colour. Hence there is much debate over when the Ottoman Empire began to significantly decline. Historians such as Dan Smith, Edward Freeman, Albert Hourani assert that the empire began to steadily decline after the death of Sulayman the Magnificent in 1566.[1