“However, a country has to be built on more than you can get from Wal-Mart.”
Like bullets? Oh right, made in China.
Like auto parts? Yep... Chinese.
Japan started out making cheap crap we laughed at. Having the factories is 90% of the battle, the quality will come. As for us, how do you tool up what is non existant?
I’ve read in more than one place that one of the reasons the recession in America is lasting so long is that we no longer have a large enough manufacturing base to pull us out of the recession.
“I’ve read in more than one place that one of the reasons the recession in America is lasting so long is that we no longer have a large enough manufacturing base to pull us out of the recession.”
It is true. I have worked at a variety of manufacturing companies in the past. There is no way we could tool up from scratch in a hurry. America’s industrial might took decades to reach its zenith, and that was in an era of cheap energy and before EPA, OSHA, etc. etc. etc. hobbled us. A country cannot exist only on a service economy.