19 Statistics Indicate Corporate America Has Destroyed America's Economy

[Donnachaidh]

http://www.opednews.com/Diary/19-Statistics-Indicate-Cor-by-William-Cormier-100929-161.html

There are 19 statistics that indicate America's economy may never recover and it is evident that Corporate America has delivered a death knell to our Middle-class and the entire economy. The facts you will read in this post represents irrefutable evidence that Corporate America has been busy dismantling our economy for years with the help of corrupt politicians in Washington. They have also compromised national security.

::::::::

The first time I read about these gruesome facts was at a Blog called The Economic Collapse. Today, I noted that an identical spread also appeared on the Business Insider Select. Ninety-eight percent of the material appeared to have been written by the Business Insider which provided some interesting commentary on these issues, and while I don't agree with all of their opinions I believe that it's worth critiquing their assessment of our terrible decline in manufacturing and what the effect will be on our overall economy and way of life. The facts you will read in this post represents irrefutable evidence that Corporate America has been busy dismantling our economy for years and they knew that it would result in the utter destruction of our economy. (Corporate America could not have accomplished this without the tacit approval and direct help from our Congress and Presidency.) Businesses and corporations insist that they had a duty to increase profits for their shareholders, even if it came at the expense of our economic destruction and significantly reduced our national security. There is also compelling evidence that a huge amount of this "deindustrialization" and dismantling of our economy gained momentum during President Bush's criminal Presidency, and I will vividly illustrate how these actions have significantly imperiled our national security.

19 Facts About The Deindustrialization Of America That Will Blow Your Mind

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. 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. But now we are witnessing the deindustrialization of America. Tens of thousands of factories have left the United States in the past decade alone. Millions upon millions of manufacturing jobs have been lost in the same time period. The United States has become a nation that consumes everything in sight and yet produces increasingly little. 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. 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 possible kind of a future are we going to be leaving to our children?

Any great nation throughout history 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 and every single month America gets poorer.

MORE at the link --

[Brickbat]

1. Oh no no no no no! The service and knowledge economies are valid replacements for industry!

People don't want to sit on an assembly line all day! They'd much rather sit at a call center or, even better, at home as an independent contractor all day!

:sarcasm:

The destruction of our manufacturing industry as part of the war on middle-class blue-collar jobs is a goddamn shame. It makes me sick.

[Turbineguy]

2. OK. I walk into a sandwich shop.

The city government has just decreed that the shop must give customers free sandwiches. I get my free sandwich. Am I responsible that the shop goes bankrupt?

[izquierdista]

3. What disappeared was GOOD manufacturing

Products of lasting quality, not throw-away items that are good for a couple of uses. The Chinese have flooded the market with their cheap crap that breaks not long after purchase. Whoever got the idea that it was easier or cheaper to buy disposable electric drills rather than one that can be passed down from father to son wasn't thinking clearly. Even most Sears Craftsman tools now are 'Made in China', and I suspect that they are having to replace more of their articles that come with the "lifetime guarantee".

I wonder how long it will take for people to realize what they are buying and buy the best value and not just the lowest price. Maybe we could still have an economy if we still made things that last.

[TreasonousBastard]

4. US economic power and our future is based on the factory floor? Ask the...

Brits abut that-- they were the ones who actually led the Industrial Revolution and built an empire to support their factories. And pretty much gave it all away.

How many Brits would prefer to live with the squalor and inequities back in Victorian times? Seems the loss of empire and most of their auto industry has left them in pretty good shape after all.