"And,what you see is a new economy breaking through what's breaking down: that heavy,industrialized, over-ambitious,over-productive, over-consumptive model, which is actually going to completely destroy our chancesof survival in the future.
VOA: standard.2010.02.24
The vast tax subsidies for housing encourage over-investment in property rather than other, more productive, assets.
Overall, U.S. industry has become among the most productive in the world--output has doubled over the past 25 years, and productivity has grown at a rate twice that of the rest of the economy.