That’s great, but hardly a rebuttal to the OP’s comments. Since you feel you have a great grasp of economics, can you please explain how you would fix the problem you see?
I got a rebuttal, the Japanese destroyed eight of our top ten industries in the late 70’s, early 80’s. I still haven’t figured out who benefitted by that. All we had left was chemicals and aerospace. And aerospace has been under a major assault this last couple of decades. I saw perfectly good aircraft sent to the boneyard the last few years I worked in aerospace. One that had a major “glass” Cockpit renovation (digital) and was a flying testbed. “Dead Ted”
politics, in Ohio mind you.