The crises in unemployment -- in the view of Walter Mead Russel

When one thinks about the unemployment problem in the US today, the idea of returning to the manufacturing economy pre China, comes to mind.  Everything would be okay if only we could correct those problems in the economy that were causing all our old manufacturing jobs, big and small, to flee to China. Not.  According to Walter Read Russell, at least.  He argues here that the solution is to reform city governments to remove all the restrictions inhibiting small businesses from emerging and thriving, much like they do in China and other emerging third world countries.  In short he argues a return to basic free market entrepreneurialism by eliminating all the current restrictions involving permitting, safety, and the like.  In other words roll back the nanny state and all its job destroying bureaucracy.  The "comments" section of Mead's article is particularly interesting.  He usually attracts intelligent responses probably because for an intellectual, Mead is quite rooted in real world common sense.  Obama should have him on the payroll instead of all those whacky overpaid socialists.