[JPJones]

“With modern technology, we can produce as many goods and commodities as we require, with very little effort. Economists don’t seem to have grasped this yet.”

Exactly.

And with China entering the production line, manufactured goods have become a dime a dozen, while Americans (non-gov workers) are jobless without any gain in discretionary spending.

[central_va]

That's the myth; that manufactured goods are cheap because of off shoring. They cost about the same and when made in the USA. The only difference is the bigger bottom line for corporations.

Is Ford going to lower the price of the Mexican produced cars? No.