nakedempire


The American Empire in a Changing World



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Thursday, July 5, 2012

''The Next Great Failure''

From 24hGold
Andy Sutton

The De-Industrialization of America

''While there is no precise or specific date that the de-industrialization of this country started, it is clear the process began in the 1970s. Most of the goods at that time were made in America and, by and large, were of good quality. We imported things too, but those were generally luxury-type items like jewelry and expensive designer clothing, among other things. One would typically deduce (and properly) that a weak dollar should have been good for American exports. However, the ‘benefits’ of the weak dollar were greatly overcome by several other factors, perhaps the most important being a lack of investment.''

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