Mike Secora:American financial institutions and Americans in general have been basing their financial decisions on the belief that American companies are sufficiently competitive in the foreign and domestic markets to generate consistently the stable positive cash flow that the US and its citizens have learned to expect and rely upon for many years. But, in reality, for the past fifty years, many of America’s companies have maintained stable or increasing positive cash flow, not because they are truly competitive, but only because they have very adroitly played economic shell-games. As a result, American financial institutions and the American people have greatly overleveraged, in an unsustainable fashion, the US economy, resulting in the Wall Street meltdown and the mortgage crisis, which in turn have sent an economic tsunami around the world.
The relaxing of federal regulations over the last few years have enabled decision-makers in financial institutions and many Americans to make what are now in hind-sight considered highly risky decisions. But if the American companies’ positive cash flow had been based upon true economic competitiveness rather than economic shell-games, the decisions of the American people and the country’s financial institutions would not be in question today and would have not generated the economic crisis we now must aggressively address if the country is to survive.
To effectively address America’s economic crisis we must do more than just mitigate the present adverse impacts of the crisis via cash infusions and tax breaks and just reestablish federal regulations that will provide more accountability for the decisions of our financial institutions. We must aggressively address the underlying source of the economic crisis which is the decimated abilities of American companies to compete in both domestic and foreign markets.
What was discovered in the Socrates Project was that to rebuild America’s economic competitiveness, key decision-makers throughout the US in federal and state governments, industry, academia, and the press must make five significant shifts in their thinking:
#1 The US must change from economic-based planning back to technology-based planning.
#2 Technology-based planning is the foundation needed to address the wide range of functions in the private and public sectors that comprise the US economic competitiveness issue.
#3 The world is poised for the next revolutionary step in technology-based planning, the Automated Innovation Revolution, and for the US to regain its ability to compete economically with its technology-based planning, it must generate and then lead the Automated Innovation Revolution.
#4 A Techspace Map and Map Navigation Tool were initially developed within the Socrates Project of the US Federal Government, and then refined within the private sector, and these make it possible for the US to generate and then lead the Automated Innovation Revolution.
#5 To generate the maximum economic competitive advantage from the Automated Innovation Revolution for the US, the Techspace Map and Map Navigation Tool must be used to develop symbiotic technology strategies at the country, state and organization levels, enabling the full range of US resources to be utilized in a coherent, flexible, and independent fashion, not in conflict with America’s open, democratic society.
Shift #1 The US must change from economic-based planning back to technology-based planning.
Technology-based planning is what was used to build America into a super-power. The focus on creating the very best product or service—in other words using technology to be best at satisfying customer needs—was a focus that kept US organizations competitive. It is this focus—this technology-based planning—that is what China and India are presently using to build themselves into the next great super-powers. The gradual shift after World War II by US organizations to economic-based planning—a focus on economic maneuvering to maximize the bottom-line—is what caused America’s ability to compete to deteriorate over the last thirty-plus years. Yes, the deterioration has been going on for that long, but because we have been looking solely at the economic side of the equation, we have not seen the deterioration.
Development any complex software and hardware systems, including complex systems for scientific using, being based on 35 years of the experience. Today is a pensioner 74 years, citizen of U.S.