Posted on 03/20/2016 2:57:17 PM PDT by central_va
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.
(Excerpt) Read more at businessinsider.com ...
Well, I’ve been pretty much won over.
Theory says free trade works, but the notion of what is truly free trade has to be explored in a historical sense.
Britain succeeded with free trade from 1830-1900 because the Royal Navy could open any port and any nationality to British goods, and they sent in the army if you tried to get tricky.
We had free trade from 1946-1965 or so when Europe was still rebuilding and American goods could go anywhere. But that’s clearly not the case today.
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?
“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. “
Mike Rowe for Labor Secretary or Department of Education
The best thing would to go to a small business economy similar to the Pre-Industrial Revolution model. But our current laws and regulations are not small business friendly.
They were educated, not indoctrinated. Used to collect old textbooks. it was amazing what used to be taught and what was expected of students.
Takes only a couple generations to dumb down a society.
Our biggest export are T-bills.
Detroit was destroyed by a decadent culture and corrupt, bureaucratic government that made it incapable of competing even with other cities in the U.S.
“Our biggest export are T-bills.”
That is what China is doing with the mountain of dollars that they accumulate but T-bills aren’t counted as exports.
Curious that Detroit would be the only major city suffering its fate if the problem was one of decadent culture and corrupt government that the whole country shares.
They lull us to a sleep state and hurt us ever so little that it only feels like a quick pain that disappears as fast as it came and doesnt comeback until you have forgotten about it and its just like the first time all over again.
Baltimore is in great shape with its “Give them space to destroy” mayor.
Reading quite few of the comments it seems like doing nothing is the answer.
But hey! We get a bunch of cheap shit for the masses produced by communist regimes in asia, and it all it cost us was our industrial manufacturing based. But on a high note, the 1% who sold us out are doing very well.
As for the other 99%, that’s what welfare and unemployment are for. Privatize the profits, and socialize the costs. Great scam, if you can get in on it.
Try.
I doubt Trump knows how.
We’re not talking about Trump. We’re talking about the fact that Ted hasn’t a clue how to restore this nation’s economy.
It’s gonna take a helluva lot more than marginal tax cuts and a few “trims” of regulation.
America following UK cultural heritage bump for later....
No thanks.
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