Offshored Production, Dysfunctional Diplomacy and Outsourced Policy: A Three-Part Analysis on America's Trade Decline
Ian Fletcher, Truthout: "America's manufacturing sector, despite record output, is actually in very deep trouble: record output doesn't prove the sector healthy when we are running a huge trade deficit in manufactured goods - that is, consuming more goods than we produce and plugging the gap with asset sales and debt. But this analysis of the problem only touches the quantitative surface of our ongoing industrial decline. Real industries are not abstract aggregates; they are complex ecosystems of suppliers and supply chains, skills and customer relationships, long-term investments and returns."
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