“We didnt start from scratch in either world war. We had our industrial infrastructure in place.”
Um, we have a much a bigger industrial infrastructure in place now. Or have you been duped by reports of outsourcing, the vanishing blue collar class, “the death of the middle class,” etc.? Is it really possible to believe we can build less, that our technology is any less advanced, that our capital has somehow shrunk since nearly a century ago. However bad was the recent recession and however anemic is the so-called recovery the WWII buildup took place amidst the freaking Great Depression! Do you honestly think we’d produce less now?
Yes, it’s true that China, for instance, employs more people in manufacturing and that less of our consumer products than before are made overseas. But if you knew anything about how economies expand, you’d know proper capital formation means more efficiency and less workers. If you knew anything about comparative advantage you’d know it’s in our interest to let other nations do what they do, even if they do it worse than we do, and focus on other, higher things.
The truth remains: the U.S. is more productive than it’s ever been. You may not notice if all you pay attention to is abandoned factories with tumbleweeds in the parking lots on the nightly news. But we make stuff.
“less of our consumer products than before are made overseas”
Less are made here, I meant. More overseas.