Americans are deceived into believing that they benefit economically from outsourcing, offshoring production and an unprecedented trade deficit. In reality, the United States giving up its wealth for plastic trinkets and outsourcing is the cause for rising poverty and joblessness all across the nation.
The thing American politicians like about a free market is that it allows them to be lazy. Republicans and Democrats alike can blame economic problems on the market being “cyclical,” going through “ups and downs,” or “evening out.” There has also been a lot of finger-pointing on both sides of the aisle. This is all simply nonsense: the real problem we face is a lack of leadership–a lack of planning.
The United States was once considered a rich country. We accumulated abundance throughout most of the twentieth century. We were a very productive country whose wealth, to a great extent, derived from manufacturing. Our companies invented and produced many of the things we needed and much of what the rest of the world consumed.
Six key general policy failures that have contributed to our current economic destabilization:
Six key general policy failures have contributed to the collapse of our economy:
Trade Reform
