… to hell in a hand basket. What’s the real problem with our economy?
The author of this article states that the trade deficit and the lack of manufacturing in the U.S. should be the real emphasis of improvement in this country. Sadly, he doesn’t go near the real underlying reason that we even have these issues.
When I was very young, the U.S. manufactured its own goods in factories here in the U.S. that were staffed by workers who were Americans. These same workers were also the consumers of the manufacturer’s products.
One day, though, ABC Inc. realized that it could manufacture its model 01 widget in a factory outside of the U.S. and import it back to consumers in the U.S. for less than it cost them to do it domestically. WOW! What a great thing; less overhead equated to inflated profits for ABC Inc. and its stockholders.
Eventually, the vast majority of companies in the U.S. realized that this technique was awesome. Who suffered? The worker. Even though those products were now on the shelves for cheaper than they had been when they were manufactured in the U.S., the consumer no longer has the buying power to purchase them because he’s unemployed.
What really made this happen? GREED! It’s that simple. And while you cannot legislate against greed, the government was able to regulate it somewhat. Those days are gone. The MONEY that controls the government in the U.S. is very happy to stand on the backs of poor foreign workers to increase their profit margins. They’re not about to change a thing.
I’m not an advocate of isolationism, but we in the U.S. must begin to find some way to rein in the greedy bastards who got us into this mess, and we need to find some way to regulate the flow of goods into our country that would benefit us rather than destroy us.
What think ye?