Frosty Wooldridge


More About: Economy - Economics USA



In this ongoing series with economist Mike Folkerth, ,  and author of The Biggest Lie Ever Believed, he writes about a “A Tale of Two Cities” that applies to present day America.


“A Tale of Two Cities,” was a classic novel written by Charles Dickens in 1859 and was set in London and Paris before and during the French Revolution,” said Folkerth. “The French Revolution is a very interesting subject at this point and time and could well hold some hints to our future history as it may apply to the American peasant’s actions when they finally get their fill of modern aristocracy.


“But that’s not the tale of two cities that I want talk about today. Instead, let’s take a look at the tale of Hiroshima, Japan vs. Detroit, Michigan. Please click on the following link and scan down through the pictures.”


“How did the rise of Hiroshima and the destruction of Detroit occur?” said Folkerth. “How did a nation that was destroyed by war manage to rise 64 years later to become the largest creditor of the nation who destroyed them?


“We must remember that Japan is slightly smaller than California, has zip for natural resources, has a population 3.5 times greater than California, and imports nearly 40 percent of their food. With all of those negatives, how did Japan not only recover, but become our largest lender and debt holder? (China is second).


“You’ve often heard divorce settlements stated as one getting the gold mine and the other getting the shaft. In our case, Japan got the industry and electronics and we got the service economy.


“Japan also has been referred to as a 90 percent Middle Class country. So what we’re talking about here is wealth distribution. A country that has wide distribution of wealth has higher savings per capita and fewer people living below the poverty level. Go figure.


“Consider that Japan is able to purchase our debt while embroiled in their worst recession since WW-II!


“To have broad wealth distribution, the citizens need to be engaged in occupations that create real wealth. To create real wealth, farming, mining, manufacturing, and energy production must remain at the core of employment.


“What else could have allowed Japan to flourish from a war torn nation to that of the second largest economy in the world? Income and outgo is probably the next place to look. How much money do the Japanese people pony up each year for their military? Oh, that’s right, they don’t have much of a military; they use ours for free. Japan’s military budget is less than 1% of their GDP.”


“Of all the enemies to public liberty war is, perhaps, the most to be dreaded because it comprises and develops the germ of every other. War is the parent of armies; from these proceed debts and taxes … known instruments for bringing the many under the domination of the few.… No nation could preserve its freedom in the midst of continual warfare.” — James Madison, Political Observations, 1795


“The United States continues to spend nearly 50 percent of the total world military outlay. Yet, we represent just 4.8 percent of the world’s population,” said Folkerth. “Am I suggesting that Japan is somehow better off than the United States? No, not in any manner. What I’m suggesting is that United States is not nearly as well off as we could and should be. We lack leadership on both sides of the aisle. We lack a plan of any viable nature. Exponential growth and war are not a plan; they represent certain disaster.


“So what are the answers that would arrest our current fall from prosperity? Can we war our way to success? Can we expand our service economy to employ our idle workforce? Certainly not.  The answers to our future success, lie in our not so distant past; industry, mining, farming, energy production and peace.”



Frosty Wooldridge has bicycled across six continents – from the Arctic to the South Pole – as well as six times across the USA, coast to coast and border to border.  In 2005, he bicycled from the Arctic Circle, Norway to Athens, Greece.  He presents “The Coming Population Crisis in America: and what you can do about it” to civic clubs, church groups, high schools and colleges.  He works to bring about sensible world population balance at  He is the author of:  America on the Brink: The Next Added 100 Million Americans.  Copies available:  1 888 280 7715






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