Complex supply chains are the basis for a healthy industrial base. Ship the low level stuff off and in a few years or decades they grow up to replace your industrial base. In the short term, great profits were made. In the long term, the overseas guys became your boss and ate your lunch. The fallacy of business schools is that they treat making maximum profit as the only thing that is important. American companies will learn the hard way when Chinese and Indian companies have replaced them because we do not think strategically like our overseas competitors. It took decades to gut our industrial base and it will take decades to fix it. The current leadership better clue in as a 20% unemployed population will be very focused on taking them out and replacing them with people that care about this issue.
I hope not, but it will take forever if we keep up the way we have been.
The current leadership better clue in as a 20% unemployed population will be very focused on taking them out and replacing them with people that care about this issue.
Where will those people come from, though? The way our two party system seems to work, the one party gets in power, blames the other for everything, then if things get worse the voters "throw the bums out" and put the other bums right back in. Rinse and repeat.