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Sunday, August 28, 2011

RE DOES AMERICA NEED MANUFACTURING? NYT GERTNER ALL TOGETHER NOW FRIEDMAN

Great short article. 


Shows how far we have come down the wrong roads, politically ideologically commercially and economically, since WW II.


Answer: No. 


At this point, 
Game over.


A whole lot more would have to change than just small federal manufacturing initiatives, 


as the article itself implies at many points.


Economists like Summers, (going back to the likes of Kindleberger, and Vernon) 


and pundits like Thomas Friedman (see his article today as well) got us into this from the beginning, 


and the office of Presidency has, over many years, paid lip service to initiatives of various kinds, relief from imports, etc., 


while all the time pursuing an ostensibly more important foreign policy agenda, devoted to helping foreign regimes and their companies compete, in exchange for security or strategic carrots mainly including greater access to our consumer market to the disadvantage of domestic industry and commerce.


That has not changed.


Term search Trading American Interests, Presidency, Trading Places, etc. 

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