Sears is still around. There was a time when Sears did not have as much competition but that was a long time ago. At Sears, one can still buy American-made tools. A lot of tools, even with an American brand name, are now made in China.
“A lot of tools, even with an American brand name, are now made in China.”
- It’s more or less the same situation over here in Scandinavia.
Once, an Ericsson phone costed $2000. Now it costs nothing and is made in China.
If we Westerners wish to continue enjoying an exceptionally high standard of living - the two Volvos/BMW/Lincolns in the garage kinda thing, we must do our best to make it easier for companies like Ericsson, Skype and Apple.
America will survive Obama, Europe will awake anew and sooner or later all of Western Civilization will realize our industries are under challenge.