If’ you pay any attention to the things you are buying this holiday season, you’ve probably noticed that very little of it is made in the USofA. That’s been true for an extremely long time – for many of us, our entire lives. We simply don’t make much stuff in this country anymore.
We don’t have to speculate as to what that means over the long term because we have been living the long term. We have run a net deficit against the rest of the world almost continuously for 30 years. Some have speculated that this is a good thing, as the rest of the world can make products cheaper than we can – why not run through their resources rather than our own? The Depression that we are in, this Managed Depression, explains just how wrong that is.
But if you want some data to show the problem there is plenty.
