“Making wealth off of money is what the real estate bubble and Wall Street securitization & derivatives mania was/is all about”
Thank you.
A country that makes nothing, and creates nothing will not survive. We are asking for it.
Nation with the most patents: America.
Nation with the biggest Takers: America.
What we need are targeted tariffs on imported oil/energy and on imported manufactures
We must extract and burn more coal for heat and electricity and we drill more for gas and oil
We can make our way to balanced trade and not run trade deficits
But even if we revive our manufacturing we will still have employment problems because manufacturing is so automated and computerized these days. The USA simply doesn't need a lot of workers these days to grow our food and manufacture what we need. We have a surplus of working age adults. What do we do with them? I would get them out to the rural areas via incentives. They just fester in the cities
What we actually have been doing with our surplus labor is giving them more and more education and over-credentialize them and while this is going on they are not in the labor force for the most part. When they finally graduate they teach crap and unnecessary subjects in our schools and universities. They become laywers and gum up the works. They become fake scientists stealing from the taxpayer via grants like the global warming researchers we have
It was better 100 years ago when the labor of every single citizen was needed
We allowed large waves of immigration to bring more workers here
We even had slavery just like the ancients did because there was simply not enough free citizens to do all the labor