IPFS News Link • Economy - Economics USA
IPFS News Link • Economy - Economics USA
Did you know that an average of 23 manufacturing facilities were shut down every single day in the United States last year? As World War II ended, the United
States emerged as the greatest industrial power that the world has ever
seen. But now America's industrial might is being gutted like a fish
and both political parties seem totally unconcerned. Yes, we will
always need trading relationships that are fair and balanced with other
countries that have economic systems that are similar to our own. However, the truth is that most of our trading relationships are neither
"fair" nor balanced. For example, China manipulates currency rates so
that Chinese products are much cheaper than they should be, they
brazenly steal our technology and we let them get away with it, they
deeply subsidize their most important industries and they exploit their
citizens by allowing them to be paid slave labor wages. How in the
world does that resemble the "free market" at work? Predatory nations
such as China do everything that they can to distort the free market. So why in the world would any rational economist ever recommend that we
should keep trading with other countries that are cheating us blind? After you read the facts in this article about the gutting of America's
industrial might, hopefully you will get very angry. We need the
American people to start getting very upset about these very important
issues.
1 Comments in Response to 35 Facts About The Gutting Of America’s Industrial Might That Should Make You Very Angry
It's refreshing to see that everyone isn't wetting themselves over the sopposed advantages of an information and service economy! Talk about urban mythology. Honest , honey, I won't...... The check is in the mail. A diamond is forever, don't you know? If you work hard, you will get ahead. Purchasing a home or real estate is the best hedge against inflation, and a great way to save for the future. Need I go on?