General Discussion
In reply to the discussion: United States has lost 32 percent of its manufacturing jobs since the year 2000 [View all]airplaneman
(1,239 posts)Countries that produce more goods and services than they consume are creating wealth. Todays exampes are Brazil, India, China, Russia. Yesterdays example was the USA. We have outsourced our production to the point we consume 30% more goods and services than we produce and this is the very definiton of "The destruction of wealth". Brazil has done an amazing job pulling huge numbers of their population out of poverty. GE moved factories to Brazil that pay $4.00 per hour instead of $25.00 here as a typical example. China would not be exploding into the 21st century without our help or our demise. We have created gaping holes in our infrastructure due to the inability to produce things ourselves. One day China will say these factories are on our soil and are ours, not yours, just like the arabs did with oil in the 70's. All this has been done in the name of short term profits for CEO's and shareholders. On top of this we have not been very bright as a society in stoping this change. It is my hope OWS is the beginning of the real change. If not we are headed to Egypt style revolt in our lifetime.
-Airplane