12 Facts About the Deindustrialization of America That Will Blow Your Mind
The United States is rapidly becoming a “post-industrial” nation. All great economic empires eventually become fat and lazy and squander the great wealth that their forefathers left them, but the pace at which America is doing this is absolutely breathtaking. Nobody can deny that our economy is a complete and utter mess right now, and we only have ourselves to blame. It was America that was at the forefront of the industrial revolution. It was America that showed the world how to mass produce everything from automobiles to televisions to airplanes. It was the great American manufacturing base that crushed Germany and Japan in World War II. In fact, the primary reason why we won World War II is because we simply outproduced our enemies. But now we are witnessing the deindustrialization of America. Tens of thousands of factories have left the United States over the past several decades. Millions upon millions of manufacturing jobs have been lost during that same time period. The United States has become a nation that consumes everything in sight and yet produces very little. Do you know what one of our biggest exports is today? Waste paper. Yes, trash has literally become one of our top exports as we voraciously blow our money on whatever the rest of the world wants to sell to us. The United States has become bloated and spoiled, and our economy is now just a shadow of what it once was. Once upon a time America could literally outproduce the rest of the world combined. Today that is no longer true, but Americans sure do consume more than anyone else in the world. If the deindustrialization of America continues at this current pace, what kind of a future are we going to be leaving to our children and our grandchildren?
Throughout history, every great nation has been great at making things. So if the United States continues to allow its manufacturing base to erode at a staggering pace, how in the world can the U.S. continue to consider itself to be a great nation? We have created the biggest debt bubble in the history of the world in an effort to maintain a very high standard of living, but the current state of affairs is not anywhere close to sustainable. Every single month America goes into more debt
Article from LewRockwell
LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
