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19 Facts About The Deindustrialization Of America That Will Blow Your Mind

The United States is rapidly becoming the very first "post-industrial" nation on the globe.  All great economic empires eventually become fat and lazy and squander the great wealth that their forefathers have left them, but the pace at which America is accomplishing this is absolutely amazing.  It was America that was at the forefront of the industrial revolution.  It was America that showed the world how to mass produce everything from automobiles to televisions to airplanes.  It was the great American manufacturing base that crushed Germany and Japan in World War II.  But now we are witnessing the deindustrialization of America.  Tens of thousands of factories have left the United States in the past decade alone.  Millions upon millions of manufacturing jobs have been lost in the same time period.  The United States has become a nation that consumes everything in sight and yet produces increasingly little.  Do you know what our biggest export is today?  Waste paper.  Yes, trash is the number one thing that we ship out to the rest of the world as we voraciously blow our money on whatever the rest of the world wants to sell to us.  The United States has become bloated and spoiled and our economy is now  just a shadow of what it once was.  Once upon a time America could literally outproduce the rest of the world combined.  Today that is no longer true, but Americans sure do consume more than anyone else in the world.  If the deindustrialization of America continues at this current pace, what possible kind of a future are we going to be leaving to our children?

Any great nation throughout history has been great at making things.  So if the United States continues to allow its manufacturing base to erode at a staggering pace how in the world can the U.S. continue to consider itself to be a great nation?  We have created the biggest debt bubble in the history of the world in an effort to maintain a very high standard of living, but the current state of affairs is not anywhere close to sustainable.  Every single month America does into more debt and every single month America gets poorer.

So what happens when the debt bubble pops?

The deindustrialization of the United States should be a top concern for every man, woman and child in the country.  But sadly, most Americans do not have any idea what is going on around them.

For people like that, take this article and print it out and hand it to them.  Perhaps what they will read below will shock them badly enough to awaken them from their slumber.    

The following are 19 facts about the deindustrialization of America that will blow your mind....

#1 The United States has lost approximately 42,400 factories since 2001. 

#2 Dell Inc., one of America’s largest manufacturers of computers, has announced plans to dramatically expand its operations in China with an investment of over $100 billion over the next decade.

#3 Dell has announced that it will be closing its last large U.S. manufacturing facility in Winston-Salem, North Carolina in November.  Approximately 900 jobs will be lost.

#4 In 2008, 1.2 billion cellphones were sold worldwide.  So how many of them were manufactured inside the United States?  Zero.

#5 According to a new study conducted by the Economic Policy Institute, if the U.S. trade deficit with China continues to increase at its current rate, the U.S. economy will lose over half a million jobs this year alone.

#6 As of the end of July, the U.S. trade deficit with China had risen 18 percent compared to the same time period a year ago.

#7 The United States has lost a total of about 5.5 million manufacturing jobs since October 2000.

#8 According to Tax Notes, between 1999 and 2008 employment at the foreign affiliates of U.S. parent companies increased an astounding 30 percent to 10.1 million. During that exact same time period, U.S. employment at American multinational corporations declined 8 percent to 21.1 million.

#9 In 1959, manufacturing represented 28 percent of U.S. economic output.  In 2008, it represented 11.5 percent.

#10 Ford Motor Company recently announced the closure of a factory that produces the Ford Ranger in St. Paul, Minnesota. Approximately 750 good paying middle class jobs are going to be lost because making Ford Rangers in Minnesota does not fit in with Ford's new "global" manufacturing strategy.

#11 As of the end of 2009, less than 12 million Americans worked in manufacturing.  The last time less than 12 million Americans were employed in manufacturing was in 1941.

#12 In the United States today, consumption accounts for 70 percent of GDP. Of this 70 percent, over half is spent on services.

#13 The United States has lost a whopping 32 percent of its manufacturing jobs since the year 2000.

#14 In 2001, the United States ranked fourth in the world in per capita broadband Internet use.  Today it ranks 15th.

#15 Manufacturing employment in the U.S. computer industry is actually lower in 2010 than it was in 1975.

#16 Printed circuit boards are used in tens of thousands of different products.  Asia now produces 84 percent of them worldwide.

#17 The United States spends approximately $3.90 on Chinese goods for every $1 that the Chinese spend on goods from the United States.

#18 One prominent economist is projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040.

#19 The U.S. Census Bureau says that 43.6 million Americans are now living in poverty and according to them that is the highest number of poor Americans in the 51 years that records have been kept.

So how many tens of thousands more factories do we need to lose before we do something about it?

How many millions more Americans are going to become unemployed before we all admit that we have a very, very serious problem on our hands?

How many more trillions of dollars are going to leave the country before we realize that we are losing wealth at a pace that is killing our economy?

How many once great manufacturing cities are going to become rotting war zones like Detroit before we understand that we are committing national economic suicide?

The deindustrialization of America is a national crisis.  It needs to be treated like one.

If you disagree with this article, I have a direct challenge for you.  If anyone can explain how a deindustrialized America has any kind of viable economic future, please do so below in the comments section.

America is in deep, deep trouble folks.  It is time to wake up.

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  • Heatmiser

    Losing manufacturing jobs to other nations may not have mattered as much if we had taken the next step in industrialization. We should have spent the last 20 years opening technical schools and enticing young people to careers in Science and Engineering. We could have been developing technology that all the other countries in the world needed – and would pay for. This could have off-set those lost jobs.

    However, we spent those years sending our young people to law school, business school and fashion school. We laughed the whole time at scientists and engineers and thought of them as nerds. Who wants to be a nerd? Not us, we want to work for a good law firm and be well dressed.

    We used to generate wealth by innovating new technology and applying good old-fashioned elbow grease, but now our idea of generating wealth is to charge each other hidden interest charges, force more and better types of insurance on each other and, when that isn’t enough, we sue each other into oblivion. How do you export law suits?

    BTW – I happen to believe in capitalism. The problem with ours is, as the article states, that we are fat and lazy.

  • Bettijo

    I have read some excellent thoughts and suggestions here. I, personally, think our biggest problem is our tax on production. Our income tax has driven many of our manufacturing businesses off shore. We need The FairTax. This is not a VAT, it is a one-time sales tax on the final sale of a new item. Resales are not taxed. If you are not familiar with this, please Google it, they have a web site. It is a-win-win situation. First introduced by my representative, John Linder of Georgia, it is now being promoted by a lot of people including TEA Partiers. The FairTax would replace all taxes and would solve the Social Security problem. I saw Donald Thrump on TV and he said he knew of businesses who had left this country because of the tax. The announcer commented that Mr. Trump had not left. His answer, “Yet.”

    Then get the federal government out of the way. Cut regulations, restrictions, government oversight, etc. and let businesses get on with what they do best.

    We must get rid of this “entitlement mentality.” We must again take pride in a hard day’s work.

    The next thing we need to do is get rid of unions, both public and private. I believe unions are one of the main causes of the auto makers problems. Of course poor management made unwise contracts with labor. Labor unions were needed at one time, but not any more.

    We must secure our borders and find someway to solve the illegal problem that is taking some jobs away from citizens.

    Turn education back to the states. As you can see, once I got started I just thinking of more and more things that need to be fixed.

  • Fred

    The ridiculously high U.S. corporate tax rate is pushing jobs overseas. Corporations will do whatever the can to book their profits in foreign countries where the taxes are lower. By manufacturing goods overseas, they can claim all their profits in the country where they did the manufacturing. They end up paying no taxes in the U.S.

    So we have a high tax rate that results in little tax revenue. The solution is simple: lower the corporate tax rate. This would actually INCREASE revenue.

    For those who say the jobs would leave anyway, yes, that is true for some products. But for bulky or high cost products, the cost of logistics and inventory usually outweigh the labor savings. The deciding factor is usually the tax rate.

    Cut the tax rate from 35% to 20%, and the jobs would flow back into the U.S. like a river.

  • Marek Janko

    Charles
    September 27th, 2010 at 3:07 am

    “The answer is socialism (n…”

    You have no idea what socialism is, or what socialism creates. I lived in so called socialism based on Marxism-Leninism for thirty (30) years. How much experience with socialism do you have?

    All socialist experiments collapsed economies in respective states. That is a fact in last sixty (60) years.

    Tell me what socialism do you have on your mind and why should YOUR idea works!

    Marxist-Leninist ideas does not work. They create fascism and ruling oligarchy, while they destroy it’s own people.

  • Perry Reed

    A partial solution would be to increase domestic (US) oil production, partiuclarly in Alaska where the USGS says we have 8% of the worlds known oil reserves in the ANWR. This would not only produce trillions of dollars of wealth, but much of this wealth would find it’s way into the tax base and other oil-related industries.

    I realize this does not directly address the author’s request for direct solutions to America’s industrial erosion, but it is a start. Wealth production is wealth production, whether it is from industrial or raw material production.

  • http://www.digitaluniverse.net/MonSanc/ William Blight

    No one here has given a good explanation how our nation can survive in a post-industrial, post-employment America. Fortunately, I have a plan that I have based on the the Zero Point Profit phenomenon presently occurring. For example, papers are going broke because you can get your news free on the internet. Also, young people are using couch surfing via the web to travel without housing charges. Based on ZPP, I think we need to begin developing new tribal and clan identities based on my Montana Sanctuary concept. This is in fact a change of state (water to ice)process. You can read more about it here:
    http://www.digitaluniverse.net/MonSanc/

  • David

    The next crisis, coming soon is: The Student Loan Bubble is just about to burst! Almost One Trillion Dollars in Student loan debts, which US Government along with their predatory lenders like Sallie Mae have scammed American people with those so called worthless pieces of papers in their hands and very unlikely those graduates able to find a job, especially in this time of serious recession and crisis! Please visit
    http://www.facebook.com/l.php?u=http%3A%2F%2Fwww.forgivestudentloandebt.com%2F&h=2f266
    For more information. The United States of America is sham, and this the biggest scandal of this century as far as I am concern. We all know more troubles would be ahead for America, but this is more serious than Sub-Prime Mortgage crisis coming up. I wish it were just problem in US to focus on. America is in trouble folks!

  • http://discussions.pbs.org/viewtopic.pbs?t=28529 psikeyhackr

    I notice there is no mention of planned obsolescence in the article. John Kenneth Galbraith wrote about it in 1959 in his book, The Affluent Society.

    That was 10 years before the Moon landing. What have most economists said about it since 1969.

    In 1995 there were 200,000,000 cars in the US. How much do Americans lose on the depreciation of automobiles every year? At $1,500 per care per year that is $300,000,000,000 every year. But out economists have said nothing about that.

    STUPID CONSUMERISM may be a form of capitalism but I don’t hear economists saying that accounting should be mandatory in our schools. Double-entry accounting is SEVEN HUNDRED YEARS OLD. Stupid consumerism is just a high technology form of SLAVERY. Now we have the planned obsolescence of computer software. Sure kindergarten kids need computers more powerful than 1980 mainframes.

  • Charles

    I forgot to mention in my earlier the competitive forces driving capitalism to outsource production and services overseas.

    It begins with one company in an industry moving its production and services to a lower wage, lower cost country to realise cost benefits,which allows it to produce goods cheaper, which it can then sell cheaper in the United States and elsewhere.

    That puts competitive pressure on the others withing its industry to do the same.

    Hence, it’s the very market forces which Neo Liberals economic advocates so love which compels companies to move production and operations overseas, leading to a hollowing out of good paying jobs at home.

    The immediate solution within the capitalist framework is a more tightly regulated capitalism which is forced to keep production at home, especially for the home market.

    If they want to set up production plants overseas, it should be to produce goods cheaper for people in those markets where incomes are generally lower.

    Neo Liberals may not like this but it’s necessary for the social good.

    That way, it provides them jobs and raises their standard of living as well, while it enables the companies to make a profit from these markets – basically a win-win situation which prospers all.

  • http://modernmuslim.ning.com Ghetto Saint

    Well folks America has also taken more lives through GENOCIDE/chattle slavery nuclear attacks on innocent women and babies NOW SHE MUST PAY!!!!!!!!!!!!!!!!!!!!!

  • Doug

    Charles socialism always sounds good on paper. I don’t understand why the whole world has not gone to socialism. It seems even now Europe is moving away from it. Seeing the history of socialism tells me it might be good on paper, but it does not work in the real word. From the research I have done Socialism only extends the poverty level higher into the middle class in stead of reducing it. It brings people down not up, except for the elite ruling class who get the most benefit. I also think Socialism takes away the initiative of the average Joe. When everyone is expecting someone else to take care of them eventually you overcome the producers with consumers. I believe this is major flaw in Socialism and the reason it will never work in any form.

  • Darryl

    I have a very simple solution to the problem..
    what do you guys think about and import duty tax on all foreign made goods and services that is directly equal to the of labor rate of foreign labor versus domestic labor?

    let’s take two factories for example…
    1 in the united states, and 1 in china …both of them produce microwave ovens. the factory in the united states pays its workers $15 per hour, the 1 the in china, $2 per hour.

    each microwave that is produced requires 10 hours of labor… socal 1 produced in the united states has $150 worth of labor associated with its price tag, the 1 from china, $20.

    under our current free market economic model, both the chinese and american made microwaves sell for $200… the difference is the chinese company pockets an additional $130 over the american company for the exact same sale of the exact same product ,,,though we clearly now that the american produced model will generally be of the superior quality workmanship and materials that we expect of american made products.

    as a direct result the chinese company can sell hits microwave 450 or 60 bucks or less then the american company and still realize a significantly higher profit margin than the american company … naturally the consumer will choose the cheaper of the 2 products .

    if an “labor import offset duty tax” were introduced, the chinese company would be forced to pay $130 in taxes per microwave for the privilege of selling its products in the united states at the EXPENSE off american jobs.

    if this idea were implemented, both of microwaves would cost exactly the same amount. the chinese company would not be able 2 discount its products below that of the american manufacturer, allowing american consumers to choose the higher quality domestically produced unit without sacrificing american jobs.

    this idea has the double benefit of allowing foreign manufacturers to produce products that are of superior quality to american made products.. like for example mercedes-benz or bmw automobiles, that discriminating consumers who demand the highest quality, would not mind paying the premium for.

    since the government would then be able to collect the majority of business taxes from this import duty, if they would not be required it too subject domestic manufacturing facilities and businesses to the outrageous 32% business tax .

    this idea alone could save american manufacturing , put our country back to work , and level the playing field against cheap foreign labor while still giving consumers a choice any level playing field .

  • Tom

    Socalism would be much better. We have out of control capitalism and no democracy. Vote out the republicans they are killing the middle class.

  • navywetvet

    The export of manufacturing jobs was inevitable and absolutely predictable, unheeded voices have been warning for two generations that unless we compete we’ll sink. Labor not only refused to compete, they refused even to allow those who would. Have we forgotten so soon that for instance……..a simple basic small portable American built tv was costing two or three weeks salary back in the seventies, even though they were poorly made and undependable, and millions could not afford them except on a “major appliance” basis, many times requiring a loan. Then certain Asian companies simply took over the market that American labor was ignoring, the lower income American consumer. That little illustration is but the tip of the immense consumer iceberg against which big labor crashed and tore a gash in it’s side DESPITE FORTY YEARS OF WARNINGS THAT IT WAS COMING! It is completely impossible to stop consumers from looking for the most for their money, and immoral to even consider it. Why would the man who builds your furniture down in Tennessee for nine dollars an hour support your “buy American” campaign when you’re charging him seventy one dollars an hour (actual industry figure)to build his cars??? Not gonna happen, nor should it. Also, and perhaps more importantly, the one eyed beast on your desk is helping in the killing of America now. It’s a bottomless pit of free porn, blood soaked “games”, low level “pop” wisdom, sophomoric BS posing as “expert” information, unparalleled eye candy, stolen music, stolen app’s, stolen intelligence data with potentially deadly consequences, well crafted spin and outright lies, and that’s only the obvious. It’s not safe to even imply more than that. He who has an ear. A new reality is upon us, and there can be no going back. We’re rapidly approaching an era when you will earn only what you’re actually worth. Simple as that sounds it will be a terrible trial for many who have never had to face such a brutal reality, but an actual blessing to many who have never earned as much.

  • Scott

    Charles couldn’t be more wrong about Linux. Charles also doesn’t mention open office – works just as well as MS Office, but is free.

    Go lookat the statistics on NetCraft. Linux and Unix rule the server world. We’re now starting on the desktop users, too.

    There is technology out there that you can use which is safe, secure, and not written by the pirates in Redmond.

  • Danno

    This is actually kind of comical. The article is unfortunate (more on that later) but the comments are great. Haha, ha!

    Anyways, if the manufacturing base in America is declining (and we’re not the first. England.) then it’s either because

    A) American’s are too good for this crap

    or

    B) Corporations can get it done cheaper.

    Obviously many Americans feel they are just right for this kind of crap, which leads to the question, why can it be done somewhere else for cheaper?

    Many Asian countries have developed a slick model for manufacturing. Governments make it very easy, don’t burden employers with things like working conditions or decent wage requirements.

    Well, there! This is clearly unfair!

    Not at all. If Asian people would rather be subsistence farmers than work for $30 a month, they would. But it frigging sucks being a subsistence farmer, and they’d rather not starve if it doesn’t rain one spring. They voluntarily decide to go work for a manufacturing company that pays them crap and shoves them in a sweatshop, and frankly, all the power to them!

    The truth is free trade is creating an international middle class that is truly ending poverty. Helicopter drop as many crates of food in Africa as you’d like, but they’ll keep starving a week later until the day Nike decides that Chinese workers are getting too rowdy and relocates to Somalia.

    Now, how do we save the American worker base?

    I doubt we can. We’re too wealthy, and now our wealth is being redistributed in the most macro of ways possible (until we start trading with Saturn). This is awesome news for the world, but crappy news for America.

    Our only chance is to totally embrace free labor markets and cut down on business regulation and see if we’re competitive with that. I doubt many Americans would take the pay cut, though. Which is a shame.

  • mk

    Read history. Socialism does not work. Human beings are flawed. They corrupt socialism, too. Socialism forms an elite which holds all the money and power and makes all the decisions. They are rich; the rest are poor.

    We need to return to the constitution. The founding fathers knew what they were protecting America from, and we are just about to give it over to them….complete loss of our freedom and rights.

    Wake up! We need a moral base, a foundation that will enable people to be HONEST.

    We need an honest judicial system which promotes equal rights for ALL. If you do the crime, you pay the time.

    We need to be able to trust our politicians; we need to hold them accountable.

    We need to get down on our knees and pray that we can salvage this land. It is the last bastion of freedom.

  • http://ladalang.blogspot.com/ Ladalang

    Manufacturing plants moving away has to do with our monetary system. A system based on debt and inflation. Our fiat systems devalues the currency to the point our dollar is worth nothing. Manufacturing plants leave because they can’t afford to pay Americans a living wage because the dollar is worthless. They have to pay so much just to allow people to survive in this economy. They can’t make money in our country. It isn’t capitalism, we haven’t had capitalism since 1913. We need to get back to a commodity based currency and get rid of the Federal Reserve. They are destroying this nation. We need to get back to capitalism and away from imperialism. Our elected officials have been bribed to allow monopolies in almost every business, look at gas, electricity, phone service, garbage there is no competition. No competition means no capitalism. An we suffer as consumers. End the Fed!

  • Brad Rice

    The greatest expense to business has never been taxes. Labor has always been the most expensive asset for business. Off shoring is about cheap labor. If you want to abolish union in America, then get your kids ready for factory jobs that pay pennies. Adults will not be able to find jobs put kids will be exploited again. The government is not a living being, it is a company made up of the same people that run your precious private industry. Private industry goes out of business and everyone forgets, government has no such luck. government trains our soldiers and do a great job doing so. So please stop saying it does nothing right! They are just our neighbors and friends trying to do there best.

  • Lotsa dumb folks

    I love these clowns who say it’s unions that are the bad guys. Talk about brainwashed morons.
    Hey stupid people – try and figure this out – the objective of a business is PROFIT. PROFIT is the difference between the selling price and the production costs.
    What is the objective of a worker? The objective of a worker is to obtain the highest amount of money for their labor possible.
    Which of these two organizations has been heavily subsidized by governments the world over?
    For example: Was it unions that demanded a new stadium for their football team (you know the stadium – it’s the one your local government used the tax money off your paycheck to pay for – NICE REBATE FOR THE businessman right?) Or how about all those car companies from all around the world (oh yeh – as a worker, you’re not allowed to try selling your labor all around the world, ARE YOU? But a business can seek profits wherever it wants!) that came into your town and beat you local government like a bitch to pony up money for a new manufacturing plant?

    See how it works you stupid, moronic union bashing idiots?
    Workers can’t do what corporations do. The only power unions have is by being local and sticking up for workers.
    Next time a fireman or a cop comes to your house over another molestation complaint, I’d love to hear you complain about unions- you snivelling crybaby.

    OH and PS you losers : Walmart in China is unionized. So suck that down.

  • Chad

    Das Kapital…..Karl Marx. Ever read it?

  • Carl

    You are wrong Tom; socialism is individual slavery to the needs of others, led by an elitist few and administered by an entrenched bureaucracy. Socialism will always lead to Totalitarianism.

    You are wrong navywetvet; the export of manufacturing jobs was NOT inevitable, it was planned and executed in service to the neoliberal ideology of global economic interdependency and the redistribution of economic wealth.

  • JerBear

    It blows my mind that people still advocate socialism as the “solution” to all of our ills. I agree that our current corporatist state is completely corrupt and broken (except from the perspective of those reaping the benefits!). However, this is not the fault of capitalism, but rather a natural result of a powerful centralized government. A corporation is a legal fiction that is only able to come into being because it has been granted special protections and privileges by government dictate. Without special government protection, most business monopolies would naturally fail over time as they are undermined by smaller, more innovative businesses.

  • Kev

    I’ll ask you all one question. Would you pay $800 for a basic DVD player so your neighbor could have a union job in the local DVD player factory?

    • http://economiccollapseblog Fairness

      Do some research – the cost of DVD player is basically the same, no matter where it is manufactured.

    • JLK

      Why not? After all, how often does one need to purchase a DVD player – at most every few years. If it’s built domestically by Americans making a living wage with good benefits, and my own access to quality jobs were dramatically better than it is now as it certainly would be with a healthy and protected manufacturing base, then yes, it would be worth the premium, and besides, if you believe a US built DVD player would cost $800, I think you are severely overestimating how much labor contributes to the cost of such things.

  • Eric

    Nothing happens by chance, laws are written by foreign governments, and corporations and passed through to congress via lobbyists. I don’t believe for one second that china and others are not playing an active role in this. It is not the high corporate tax rate in the US, nor the unions, nor lack of willing workers. It is businesses making decisions based only upon those factors that can be measured, i.e. labor costs, etc. Edward Deming tried to point out that there are things in business that can’t be measured, but must be considered, such as the impact of loss of production. The dollar amount of a plants production can be measured, but the amount of lost revenue from customers who went elsewhere can’t be measured, but is very real. The same can be said of the loss of jobs in the US from the outsourcing frienzy. The exact amount of lost market base due to a poorer population can’t be measured, but the immediate labor savings from moving to a low wage country can. Also, the quality of the outsourced products almost never goes up, so this is another unmeasureable, but negative side effect of management decisions. The real problem is lack of good management, and leadership in the US. Nuff said.

  • Doooooglass

    You need a dictator . You’re too stupid to vote !

  • 55medical

    I never cease to be amazed at the folks who think socialism is the way to go. It has never worked in the history of the world. Freedom is the answer. The plot is so thick that most simply do not see it, and they don’t want to. It is depressing. There has never been a nation like the United States, ever, in history. We have not lived under the nation our founders envisioned since shortly after our beginning. Once the elitist got their toe hold by getting control of our currency (Bank Of The United States) through a central bank, the slide began. The elite care not about the masses, because they believe that they know best,not the rest of us. The present day Federal Reserve, is neither Federal or has any Reserve. By their own admission, money is simply created out of thin air. We need to return to our founding principals, as envisioned by our founders. We have the capacity to change our government. It is called an Amendment to the Constitution. The whole issue here is complex, but We The People need to wake up. Perhaps those of us who understand what is going on can override the simpletons who have no idea.

  • 55medical

    It seems that some on here say capitalism is so terrible and needs to go away. Capitalism is the one thing that has created the most creative advancement of technology and benefits to mankind in history, not socialism. Socialism is a spawn of the devil.

  • Richard

    Whatever the case, you’ll have to be willing to pay WAY more for everything if you want to buy a product that’s made here, in our $10/hr real minimum wage, $40-$75/hour typical union factory worker pay (PLUS costly retirement, medical, unemployment benefits). The Japanese have accepted paying the highest prices in the world in order to support their domestic manufacturing base as well as supporting the multitude of middle-men that make up the Japanese product distribution system. It’s each Japanese citizen’s patriotic obligation to do their part to support their country, economy and thus their fellow countrymen.
    Result? An economy that’s a stagnant albatross. But they DO still have a (diminishing) MANUFACTURING base that adds enough vital fuel to keep their economic engine chugging along. That’s one solution, Voluntary High Dollar Capitalist Socialism.

    Another answer is a floating of the Chinese yuan, coupled with a reduction in worker pay competitive with the pay for the same job in China and India. Nobody will have any money, prices for everything will have to come down to meet demand. We will HAVE to rebuild our manufacturing base because the shipping cost to import Chinese goods will be higher than it costs to produce the same product here.

    This is pie in the sky, I know, but fact is, the ONLY way to keep manufacturing at home is to pay for it in one way or another. We didn’t want to, so we opted for lower cost production overseas.

    “The problem with socialism is that eventually you run out of other people’s money.”
    – Margaret Thatcher -

    • bo

      You know, the biggest reason prices are so high in this country is INFLATION, because of too much debt, too much printed money from the fed to “correct” the situation. Bring back manufacturings, pay off debt, get rid of super high inflation and our wages and prices will be that of the 50′s again.

  • Lindsay Lohan

    The simple answer is that there is no simple answer. We have become a nation more interested in what’s happening on TMZ that whats happening in Washington. The rock star mentality has affected politics, business, sports, education, etc. Americans don’t care what’s really going on, until it affects them personally. By then it’s too late.

    Treu there have been warninbg signs that we were headed for this, for over 40 years. We feared the Middle East, in the 70′s, because they controlled the oil and we were dependent. What did we do? Why build the SUV, of course! THIS solved the problem!

    We feared the Japanese in the 80s because they were efficient and thrifty. they bought our failing businesses and made them profitable again. We imported their products to the point where they were buying US real estate at break-neck speed. What did we do? We got them involved in derivitives and US securities and nearly bankrupted their economy.

    In the 90s, we thought ‘tech’ was going to make us dominant, again and everyone would retire rich. Anyone with a url could get millions of dollars in financing from dopy, greedy investors, who wanted to take an easy ride to riches. The bubble burst and billions were lost. People lost their retirements and more, then, too.

    Bring on the new millenium. EVERYONE deserves a new home! Those who already HAVE a home, deserve an much BIGGER home! Our crafty politicians designed legislation to not only make borrowing easier, but FORCED lenders to give out the cash, when the borrower had no documentation that the information on the application was accurate or even true. Lenders KNEW this was wrong and didn’t want to get stuck with huge amounts of high risk paper, so they bundled ‘em up and sold them around the world as ‘investments’. THEN they bought securities, betting that these securities would default.

    Our population has been duped time after time, not by business, not by politicians, not by foriegn governments, but by ourselves. We refuse to read. We refuse to learn how the world works. We refuse to work hard, save a little, invest conservatively and live a quiet life. We’re always looking for ‘the next big thing’ so we can get ahead of the other guy. We’re so focused on what the other person does or has, we ignore what we SHOULD be doing.

    Our problems are not business, or politics or the other guy. Our problem is our own culture and how WE direct it. Want to fix things? Take stock of what you do, every day, including reading this post. How productive is it? How is this improving you, as a person? Grow up!! I’d be willing to bet that half of you read this just because of the name at the top.

  • Ed

    Dear Readers,

    This deindustrialisation has been planned for decades. The elite (politicians in any party and any country going WAY back)have an inside line, therefore, they plan on being the aristocrats of the world. They know that the implementation of this plan requires servants to comply. To comply, the rationale is to convince servants that kaos will happen. To create kaos the elite know that war is not the answer. The elite know that kaos will happen with the threat of economic disaster and that economic disaster will happen by removing industry in any over-producing country and shift it to an under-producing country, to “balance” or “share” the wealth.
    This is PLANNED. Industry worldwide has the technology to produce energy related products to use liitle or no energy after the initial manufacturing process, ie; solar panels. The big oil industry cannoy allow this. The oil industry will collapse along with all associated production.
    The U.S. Gov is the leader in this analysis. The plan is in full implementation and is constantly being evaluted.
    The last report issued by the U.S. Department of NATIONAL INTELLIGENCE COUNCIL can be found and downloaded by anyone with internet. This may change soon so here is the link.

    The report is a link on this page:
    http://www.dni.gov/nic/NIC_2025_project.html

    Fox News will be covering this report on Friday, 9-1-2010 at 5:00 U.S. Eastern time on the GB program.
    I always knew that energy technology was not utilized and developed to its full potential because of the fall of enrgy companies and the associated companies to maintain certain economical reasons, but to reduce the welfare of the United States citizen and put them at an elevated economic risk to appease the small number of elitest is unconstitutional.

    And, now you know that one of the best industries that you can go to college and obtain a degree for is Economics 101.

    GBA

  • Robert

    Civilizations take a long time to collapse; an economy can collapse overnight.
    While there are millions of Americans right now who suspect this has already happened – we ain’t seen nothing yet.

  • Retiredtanker

    Bottom Line…The USA needs to make it as painful as it can to import goods into the US. Offer incentives to those companies that moved overseas to move back to the US. Offer other incentives for other companies to move their production facilities into the US. Their is no such thing as fair trade when your Country’s economic health is at risk.

  • John Hoctor

    Get the cobwebs out Amurika this is the sudden death match the Repunks wanted for years. It’s too late Mr. Author of this excellent piece, I’m sorry to report. They strangled the country the ruling class. So you think you want a revolution? Damn right. You have nothing to loose as comment 193 implies but your chains. OR do you continually want to be a slave to China and its USA corpros masters? Get a grip, get control and get angry, off with the masters of wars heads, our president and his Repunk stand in coming next yr will do nothing to really stop the slide ONLY we can stop it with our faith in our country, strength in numbers, and a firm stand NOW!!! OUT of empire wars now. That is number one, and Mr Author you didn’t mention it…how come every other country in the world either defends themselves from the barbarians at the gates or has Mr Gates at DOD actually and directly defend them from the bowels of the USA wehrmach? Out of empire now to save this great Republic!!!! Tax cuts and pandering Jesus soccer moms are not the answer.

  • Doug G

    In response:
    Ladalang, if you want to return to a comodity based currency, I presume gold, where are you going to get enough to cover all the current wealth, value, and price of everything? How much gold will it take to buy a loaf of Great Value 100% whole wheat bread? It’s $1.48 I think. That’s not a lot of gold @ $1200 / ounce. “Money” is a tool, a convenience allowing more extensive trade than swapping arrowheads and skins.
    And as for monopolies, because of delivery constrictions we have few natural gas suppliers in a state or region. However, some clever MBA (probably) figured out that with one electricity delivery company you could have many retailers. Electricity prices for my zipcode range from 8.8 cents per KWH to 16.1 cents. There are lots of competing companies and technologies for phone service. There are also many garbage collecting companies that can compete for a municipality’s business.

    55medical, who died and left you to be the elite? You state that the current elite do not care about the masses. (You are probably correct!) But, with your overriding the simpletons who don’t believe what you want them to, I do not see that you are any better an elite than what we have know.

  • john

    A simple challeng to charles the socialist…name ONE successful socialist economy…no, not the fake Swedish socialism where they sell their manufactured goods to good capitlaist countries….volvo, saab, ikea, etc….but a real socialist country. You know, one where the workers live in the lap of luxury, never having to worry about where their bread comes from………..i’m waiting………………a workers paradise, free from those nasty capitalist inventions like cars, phones, airplanes,cigarettes, stoves,toilets, pharmacuticals,hospitals……….im waiting charles.

  • http://russj.livejournal.com/ Colorado Russ

    (1) What is nature of this problem?
    you mention trade deficits, job loss, services vs. manufacturing, loss of “wealth”
    (2) What are the advisable solutions?
    (3) Do you subscribe to the pre-Adam Smith idea that a negative trade balance means that “wealth” is leaving the country? Do you realize that this idea was the justification for colonialism?
    (4) Do you realize that to an economist, a negative trade balance means that foreign nations are investing in America?

  • razor

    Lindsay Lohan, for the record I didn’t even notice your screenname until you mentioned it. :)

    Your post was the most coherent and realistic take on the state of affairs in all the comments in the whole thread. You are 100% correct. I know this and you know this. The problem is the average citizen is either too dumb, too busy or too ignorant to understand that their behavior, en masse with the rest of the like “minded” (term used liberally) population, is the cause of their own misery. My friend I am sad to say it’s too late. I don’t see how things turn around at this point. People like you and I are no longer surrounded by a majority of what we would refer to as peers. Time to circle the wagons and watch out for yourself and your family since that is all you can control at this point…

  • had enough

    Now that we have 35 million migrants and 12-20 million illegals all of these manufacturing companies say they needed and the companies leave the U.S to China and India and for less salaries.
    Now there are no jobs for all of the migrants & illegals are left to U.S. citizens to now care for
    at the cost of what few U.S. citizens are left.
    What a pathetic government. Why can’t this article make headlines in CNN & FOX NEWS to inform the public!

  • Fred

    Americans are reaping what they have sown.

    To quote the great Nelson Munce “HA-HA!”

  • j

    manufacturing leaves a country for a reason: more and more restrictive laws are passed that make continued operation in a restricted region unwise. This is inevitable economic law. Crying about it and trying to force everyone to do something else about it is not the answer. Eliminating the coercive power of those who use oppression to enforce these restrictive laws is what is needed. And its not going to happen until the majority gets truly educated about freedom.

  • Paul Barbot

    J,
    I can see your point from a business standpoint, yet the human implications need to also be considered as well. These large corporations need to understand that the people who work for them drive their profits. The government is the real culprit though, for not making this type of maneuver illegal. Corporations that move jobs over seas should be taxed aggressively and then be hit again when they try and import those same goods that they had made. The regulations are for the consumers safety as well. Why do you think companies move jobs, one is the slave wages they can pay for the manfuacturing of those products and the second is the complete removal of any safety precautions, both for the workers and the products that are being made. You really need to stop looking at things so narrowly. Broaden your view and you will see the whole picture.

  • Jerry

    Everyone will be shocked to know that:

    1. The US manufactures more now than any other time in its history.

    2. The US manufactures more now than any other country in the world.

    100% true – don’t take my word for it; do some research online. Hard to believe given the constant implication by the media and articles like above that would lead you to believe we don’t produce anything in the U.S. anymore. It’s simply not true.

    Most of the decrease in manufacturing jobs comes from technology. What took 20 men to manufacture 50 years ago can now be done with one man. Robotics and computers have made every industry more efficient including manufacturing.

    What the U.S. does need to do is resist the temptation to jerry-rig the economy by forcing companies to do this or do that. That is what will drive companies offshore. We need to make this the best place in the world to do business. Reasonable tax rates and sensible regulations.

    Here’s another lie that the media and politicians have been pushing for years: tax breaks for companies that ship jobs overseas. A lot of political ads are pushing that right now. It’s a myth. There are no tax breaks for offshore outsourcing jobs. I know – I own my own business and outsource about 15 positions to Pakistan. I told my CPA after the Bush/Kerry election that I wanted to get these tax breaks I kept hearing about for having jobs overseas. Well, there’s no such thing. It’s unbelievable that this lie continues with no one calling anyone on it. Again, don’t take my word for it, ask a CPA or tax attorney. They won’t be able to tell you what these tax breaks are b/c they don’t exist. It sure sounds good in a political sound bite though.

    Demand the truth.

  • http://www.math.missouri.edu/~rich/MGM/primer.html etnik etnuk

    Free trade!! We need more free trade! Only by maximizing the profits to be made by offshoring can we hope to minimize offshoring!
    uh, right?

    Is there any intelligent life out there??

  • JP

    “The US manufactures more now than any other time in its history”

    Not in relative terms

    “The US manufactures more now than any other country in the world.”

    Not so long ago, the US manufactured more than the rest of the world combined. The US quota of world manufacture has declined steadily.

    “What took 20 men to manufacture 50 years ago can now be done with one man”

    False. Technology just shifts human work elsewhere.
    A fully mechanized production process produces even more entropy than a manual one; that’s the 2nd law of thermodynamics. Entropy has to be dealt with. And since nature will not help with robots — nature likes to depreciate this kind of capital — it falls on human hands and brains to do the the job of keeping the machines humming along. Economists say this is capital intensive to the extreme. Labor has to be used up elsewhere to generate that kind of capital.

  • jimbo

    The article doesn’t talk about the living conditions or working conditions of those Chinese workers making all of the product for “consuming” Americans. Politicians all talk about ” bringing jobs back to America”. But they don’t make the decisions on where jobs go. CEO’s of major corporations do. And they make those decisions based on global competition. So if we have global competition, then why not have global safety standards (OSHA), global environmental standards (EPA), and global minimum wage standards. The US needs to push for these changes through the United Nations.

  • Ampibian

    I wonder if there is any hope left? The people who built the America we used to know came from the depression and WWII and the Korean era knew hardships. These people didn’t know luxury but only what a meal meant, a warm house, family, and community.I beleive our core values as a nation have been compromised by hollow promises that have never been fullfiled and never will. Today a college education means almost nothing a young person has to have a graduate degree, what is next? Do we all have to make 100,000.00 dolalrs a year? If why? Becasue capitalism has to expand, that is why we have recessions, to adjust the system and begin over. Some people say let it go and start all over, I think this is the only way to wake ourselves up.

  • KooKooKaChu

    Socialism? really? That is the response to someone voicing their opinion that globalism and De-industrialization are not great things for the USA. That is just sad and it shows that those who use the socialism card don’t see a problem with weakening the USA in a time of war. Globalism is treason.

  • Ms. Whoseville?

    I hear all these fancy sayings, some I agree with some I do not. But what the hay!! What are we gonna do about it? I say take back what has been taken from us. There really is plenty to go around. So what’s the point in being greedy? Our friends and family need their jobs. We have good people right here that can do the same job as those over seas, yes it cost more here cause of the cost of living. Just think if housing cost here was like that of those countries over seas we would not have a high rate of homelessness. Think about that.

  • CW

    I think that you said it all. Anyone that can’t see this is either an idiot or a complete fool.
    America has turned into an upside down pyramid, where only the wealthy have enough food and housing. And what they don’t understand is this: while they sip on their martinis poolside their insulated world is crumbling all around them and it is over for them too.
    America’s days are numbered that is clear. Short-term goals and extreme greed at the top has caused these collapses and they will continue until America is the laughing stock of the whole world.

    (note, please delete the first two posts for misspellings. Thanks)

  • http://www.theconimalcollapse American worker

    The problem with america is 2 fold
    unrestricted trade .it is impossible to compete with someone that pays 6 dollars a month for rent..when it is 200 times that in america.secondly non productive workers in america such as politicians sports figures entertainers etc.should be taxed at 99% while productive workers should pay no tax….after all they produce everything.without these 2 reforms…america will cease to be, before the end of this decade

    • I’m With the Band

      Every time you turn on the radio or tv, you are enjoying something that entertainers have produced. Why pick on us?

  • carlos

    our forefathers left us instructions on how to run and live in this country .polititions keep changing our constitution to benefit themselfs.lobyist are criminals yet its in white and black and we turn our backs on it .news media is controled.botton line companies move away,to not pay taxes and give the same jobs to underpayed employees its call slavery all over again . its so sad what this country is becoming big bussiness has taking over this country..what our forefathers said not to do but is being done evryday …

  • Jay

    Ever heard of tariff wars. Making the import of foreign goods just makes things far worse. How about eliminating unions, minimum wages, public assistance, government subsidies, and just being more competitive. Having strong independent citizens not dependent on government will build a powerful economy.

    • Guy_Fawkes

      The British empire tried free trade in the 19th century and had to abandon it for much the same reasons America is going to have to abandon it. The irony of the current situation is that it has happened before. It just happened so long ago, nobody except a few history professors and students know about it. We forget the reasons certain policies and social group were originally enacted and created, such as labour unions, public assistance, government subsidies, etc. The amount of violence you will be unleashing if you eliminate food subsidies on basic staples (eggs, milk, wheat, etc.) and remove minimum wage and social assistance will be catastrophic. The United States WILL have to simply stop trading with China and any other military dictatorships which can oppress their people with direct force to keep wages down, or you’ll have to become just like them. Believe it.

    • Bruce

      your logic fails when you realize that when we had tarrifs and unions and minimum wages we also had the largest economy of the world outproducing the entire world. We are now forced to compete with slave wages in China and now the economy is going into the crapper

      • http://www.facebook.com/people/Lori-A-Peterman/100001435663974 Lori A Peterman

        Thats when America started dying. Go back to the 20′s when more upward mobility has happened than in anytime in history. There was no unions nor minimum wages.

        • That Guy

          Yeah, because the roarin’ 20s ended on such a positive note

    • mikem68

      that is the corporate kool aid you are supposed to drink. much like your freedom of speech stops when you scream “fire” in a crowded movie theatre, freedom of capitalism should stop when it threatens national security. I think shipping american jobs overseas easily meets that criteria

      • robert108

        The cost of Marxist/Democrat govt is what is driving those jobs overseas. If it were just about wages, no business would want to locate here, but the reality is that they only leave when taxation and regulation drive them out. Unionism has metastasized out of control. “Collective bargaining” is a joke when the union is national and the employer is local, and when the public sector unions bargain with elected officials whose campaigns they have financed and promoted. Stop the circle of corruption between the Democrat Party and the unions, and dial back on taxation and regulation, and the jobs will come flying back.

        • That Guy

          The United States has the smallest amount of workforce that is unionised in the industrialised world

  • http://www.fromthewilderness.com Lars

    @Jay: The whole system is faked because of

    a) The Federal Reserve System Ron Paul fights against

    b) The destructive free trade, Lyndon LaRouche as a democratic humanist and progressive Tea Party Member is against…I prefer intelligent protectionism!

    Peak Oil and 9.11.: Michael C. Ruppters Peak Oil Blog

    http://www.fromthewilderness.com

    http://www.china-intern.de/page/wirtschaft-hintergrund.html

    ——————————————————————————–
    100 Mal Niedergang [07.10.2011]

    100 Zahlen und Fakten über den Niedergang der US-Ökonomie.

    China kommt natürlich auch darin vor, unter Nr. 65, 67, 68 und 69.

    » weiterlesen »

    http://www.china-intern.de/page/wirtschaft-hintergrund/1318019478.html

    Lyndon LaRouche: Against free trade and for protectionism

    http://larouchepac.com/

  • http://www.wakeupnews.de Wolf Thom

    15 Mind-Blowing Facts About Wealth And Inequality In America. Information Clearing House, Grafiken über Einkommens- und Vermögensverteilung in den USA

    http://www.informationclearinghouse.info/article25399.htm

    http://www.pauljorion.com/blog/?p=11384

    http://elboheme.blogspot.com/2010/05/die-wahren-ursachen-der-krise_12.html

    The LaRouche Movement

    http://larouchepac.com/

    Critically I have to say, that Lyndon LaRouche makes misstake about three themes

    a) The is an islamic terrorism, it is not just a fake!

    b) Climate change is real, Ice is melting at the Andes and Alpes

    c) There is a real Peak Oil (and soon also gas, uran (ium), copper, Phosphor and helium in 20 – 30 years maximum) near…and Michael C. Ruppert (see his daily Peak Oil Blog) decribed it in “Crossing the Rubicon – the decline of the American empire at the end of the age of oil”

  • http://www.fromthewilderness.com Bruce Wayne

    #3 The Federal Reserve made $16.1 trillion in secret loans to their friends during the last financial crisis.

    #2 The Federal Reserve is a perpetual debt machine. Today, the U.S. national debt is more than 4700 times larger than it was when the Federal Reserve was created back in 1913.

    #1 According to a new CNN/ORC International Poll, 27 percent of all Americans have never even heard of Federal Reserve Chairman Ben Bernanke.

    http://www.china-intern.de/page/wirtschaft-hintergrund/1318019478.html

    http://www.china-intern.de/page/wirtschaft-hintergrund.html

    Michael C. Rupperts daily Peak Oil Blog

    Michael C. Ruppert “Crossing the Rubicon – the decline of the American
    empire at the end of the age of oil”

    http://www.fromthewilderness.com

    • robert108

      instead of obsessing about the Fed, turn your attention to the Sherman Anti-Trust Act of 1890; that’s the origin point of today’s problems with govt intrusion into business.

  • http://www.fromthewilderness.com Bruce Wayne

    @EyesWideOpen :

    There is indeed a solution for the worlds problems…get rid of the FED or Federal Reserve System and the private banks behind it!

    J.M. Keynes about Silvio Gesell

    http://userpage.fu-berlin.de/~roehrigw/keynes/engl.htm

    Silvio Gesell’s Theory and Accelerated Money Experiments

    by Jérôme Blanc

    Keywords : money – employment – Alternative currency – economic history and theories

    Language : English

    Silvio Gesell (1862-1930) proposed a system of stamped money in order to accelerate monetary circulation and to free money from interest. This was part of a global socialist system intended to free economy from rent and interest. In the 1930s, Irving Fisher, who proposed the system to President Roosevelt, and John Maynard Keynes rendered homage to Gesell’s monetary proposals in the context of the economic depression. Among the experiments that took place, several were based on his ideas, notably in the Austrian town of Wörgl and in the United States. These experiments were always local and never lasted more than a few months. This article shows that trust is the main issue of this kind of monetary organization; and therefore, that such experiments can only take place successfully on a small scale.

    http://www.i-r-e.org/bdf/docs/blancaccelerated.pdf

    100 Facts about the USA and China

    http://www.china-intern.de/page/wirtschaft-hintergrund/1318019478.html

  • David Gearheart

    International countries should create their own damn companies or jobs.. Don’t they have inventors? These USA companies left because of 30%+ corp taxes.. Is the us gov. insane? You should tax no one over 10%. We’re back to when we left Europe or England in the 1700′s…. Why Washington/Jefferson created this country in the first place. Fuck Lawyers!

    • Tarik Dean

      LMAO! US large firms pay the lowest rates the stated rate on paper is meaningless. it’s what they pay come tax time, that’s all that matters. sounds like somebody hasn’t read enough books and reports on economics and has been watching and listening to far too much right wing “political economics”…

  • http://www.facebook.com/mykel.scott.77 Mykel Scott

    Factories full of mcwage temp workers , with an upper crust of boomer permanents are not going too save america.

    Try instead of whining push a national level program to bring 3 d printers to public. Totally negating , the slave wage advantage of china.

    An empire based on happy meals and happy endings is not going “recover” in age of resource scarcity.

    Tire of china’s crap ? Do two things buy nothing new and stock up on long term staple foods. Beat them without firing a shot , a country with a billion starving , angry people will collapse for sure.

    • robert108

      Yeah, that strategy really worked well with post WW1 Germany, didn’t it? How about we stop penalizing the producers in this country and let them do what they do best, without the heavy hand of govt on their necks?

      • http://www.facebook.com/mykel.scott.77 Mykel Scott

        What producers ? Without the friendly combat boot on the middle east face. Along with cloak and dagger shenanigans. The producers in this country would not have the extreme luxury of cheap fossil fuels , petrodollar recycling and reserve currency status. The so called producers would not be so productive. So anyways good luck with getting goverment off your sack. When goverment is gone , you will be left to fend for yourself in a wasteland full of zarps , Zombie A$$ Rape Pirates )

  • Pubby

    We have forgotten the one simple principle which built this country. ” I am going to pay my employees enough so they can afford my products” – Henry Ford. “I am going to take care of you so you can take care of me” – Armand Hammer, spoken directly to ME when I worked with HIM. With a Masters and work toward my Doctorate, I am forced to work for 11.75 per hour BECAUSE HIGHER PAYING JOBS DO NOT EXIST IN MY AREA. I am regarded as an upper wage-earner. I have done things in my life that most will never be able to do, and am capable of MUCH more if I have the resources. They are economic resources. Invest in the potential of a person and that potential pays you back enormously. Where is THAT investment?

    • FLukeisAFish

      Sucked away so someone not working is treated fairly while they sit on the couch and fire up a blunt to play x-box all day.

    • FooMaster

      Apparently you chose poorly when deciding your career and educational path.

  • Just an Honest Kanuck

    The problem with the worlds economic situation. In a word “Greed”. From the bottom with Free Obama phones, self believing entitlements, unions, public servemts, CEOs, to politicians. It’s always the same motivator “Greed”.

  • Chuck23250

    I think that the deindustrialization of America plays into the long range plan that the Progressive Liberals have for “Amerika”. Reduce the wages of medium and high wage earners through redistribution, raise the income of low and no wage earners through redistribution. The long term plan results in a three class society. The low to medium level wage earners who are the labor force, then the government regulators and enforcers to force government on to the labor force to keep them in line, then the upper class who will be the President and his administration, actually the upper class will be split into the royalty which will be the President, his mentors and closest advisers. Saul Alinsky would be proud of his protege

  • Karlo1956

    You are right and the free trade agreements have done significant damage in the US job picture and the current president and congress are still driving us into the ground further by maintaining the same destructive policies.

  • Shibfilet

    We do what Germany did: smart and significant investing in high-end manufacturing. The education requirements may be higher than typical manufacturing jobs, but the wages do compensate for the comparative advantage that we’ve ilost n the industry since the 1970′s.

  • Servando Gonzalez

    The most important fact about the deindustrialization of America is missing: It is not the product of chance or happenstance but of a carefully designed plan. See all the facts in my just appeared book I Dare Call It Treason: The Council on Foreign Relations and the Betrayal America.

    Servando Gonzalez

  • http://slrman.wordpress.com/ James Smith

    It really doesn’t matter. The extreme polarization of the political scene will result in the USA disintegrating into several mutually antagonistic countries within 50 years.

  • That Guy

    Almost three years after this article was written I’m leaving my two cents. Is this how people really view the world? Cynically and dismally like this? My mind is far from blown at these statistics. We’re not “deindustrializing” we are evolving with the globalized economy. Jobs will be lost to trade deficits, and out sourcing but will eventually be replaced; the “theory of economic creative destruction” is a cruel one, however, necessary; new jobs will be created out of the ashes. The United States still reigns supreme in manufacturing and has ranked only 3rd in oil production; a year after his article was written we exported MORE oil than we IMPORTED. This is all an alarmist folly. This article doesn’t mention that over the last 5 years our trade deficit has nearly been closed; the US ranks 1 in almost EVERY single ISIC division of manufacturing, excluding textiles and wearing apparel; the US represents ONE FIFTH of the entire global manufacturing output; The BSA Software Alliance ranks the US in technology/IT competitiveness as unparalleled. Our economy isn’t the dumps, it embroiled in a downturn; a cyclical process that will have, and has already shown signs of, an economic upturn.

  • Swagato Barman Roy

    Americans have to accept the global wage arbitrage, the competition from third world and then cheaper goods as well. As simple as that. Calling China an oppressor and blaming it all on Chinese is just evading the responsibility. Bring back labor unions, more regulations if you like, more jobs will leave US. So far it was only the jobs and factories that were leaving while the company CEOs and directors sat in their comfy offices in New York or LA, now people have started leaving, believe me or not. Read about Eduardo Sverin and others. The US government is charging a fee of 500$ on the form to denounce your citizenship, which was free for a few years ago. Why? It’s all about market-they are charging because so many people are ready to pay for it. The implications-think for yourself.

  • RAJANCHAMPAYIL

    IF OBAMA REFUSE INDIAS DEMAND SURE IT WILL COME OBAMAS END

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