Analysis: America's Economic Decline Through Outsourcing and Deindustrialization
By
mefengl
A respectable bake. You'd come back tomorrow for another.
Summary
The article argues that America has lost its economic and geopolitical dominance through outsourcing and deindustrialization. It contrasts America's current situation with China's manufacturing prowess, suggesting that while China produces goods for America, it's not the same as when America produced its own goods. The piece discusses how labor unions were sidelined, leading to the loss of well-paying manufacturing jobs, and how this has contributed to America's decline in global standing and economic self-sufficiency.
Key quotes
· 4 pulledEverything was outsourced, and now after whining about a $25/hr job not having health insurance, there's just no more $25 an hour job and nobody to try and bargain with anymore.
The chips are made in Taiwan, the clothes are made in Vietnam, the cars are made in Mexico, and you are on the phone with India.
This isn't like when stuff is made in China. Those are basically Amer...
What does it mean if a country is winning?
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