Miro23 says:
The conclusion seems to be that the US can no longer do effective manufacturing.
Miro23 says:
The conclusion seems to be that the US can no longer do effective manufacturing.
The root cause has to be that manufacturing doesn’t interest the US elite. They’re billionaire paper-shuffler “hedge fund guys” with not an engineer in sight.
Henry Ford saw it and warned the public over a century ago:
“Then came that new thing, Industry, which expended to a degree unguessed by the shrewdest prophets and analysts. As industry gathered strength and power it became a powerful money magnet, drawing the wealth of the world in its train, not, however, merely for the sake of possessing the money, but of making it work. Production and profit on production, instead of loans and interest on loans became the master method for a time. The war came, in which the former broker-masters of the world had undoubtedly their large part. And now these two forces, Industry and Finance, are in a struggle to see whether Finance is again to become the master, or creative Industry.”
Henry Ford “The International Jew” The Dearborn Independent May 22 – October 2, 1920