I'm uncertain what your question asks.

I am certain that the linked article is written by a Financial Pundit -- and that all pundits are highly suspect -- who correctly cites some history but misses the broader history in the process.

We are where we are because we have over the last three generations cultivated excessive dependency on government and have dumbed down education to the point of danger. Most of that and many of the ills he does cite are the fault of a succession of US Congresses and Presidents from both parties who have placed the good of their party and their ideology above the welfare of the citizens of the US and of the country itself.

The only medicine that will cure that is a complete revamp of Congress and the political process, a return to truly challenging education instead of feel good - talk nice vapidity and a lessening of dependence upon government.

Good luck with that...