Congressman Adam Smith - The Rise of The Rest

Congressman Adam Smith came to class to talk about global economic and technology industry.  It was very interesting and informative to hear from political point of view.  He pointed out the critical issue we are facing with global economic changing dramatically in the past 20 years, and raise the sense of urgency for American to be ready to compete with the rest of world.  American has strong capital market and stable government as foundation to compete with other countries in global economic.  However, we are so used to the way we dominated the world economic in the past, and not realize that we are no longer dominate technology industry.  He purpose that changing government policy will be the key to prepare US market to be ready to compete.  The policies includes Education, Energy, and Stability for people. He specifically mentioned that in order to create stability for people, we will need to reform our health care and retirement policy, changing our "Old" Tax code to be more suitable for currently economic, and finally, continue to improve education policy to create higher education opportunities for everyone.  It is a long and difficult road.  However, we all need to realize that the change must be made in order to compete with the rest of the world.