Once the wealthiest city in America, known as the “arsenal of democracy,” Detroit was the fourth largest city in the U.S. in the 1960′s with a population of two million. Now a microcosm of everything that is wrong with the American economy, Detroit has become nothing more than a devastated landscape of urban decay with a population of 714,000.
Tag Archives: Outsourcing
“Free trade” would more accurately be called “freedom for other countries to undercut and destroy American domestic production” because in practice that is what is happening. This is an undeniable fact that should be obvious to any consumer or business in this country. Very little of what is consumed here is made by American-owned companies operating in America. This was not formerly the case, and it was not how the wealth of this country was created.
The North American “Free Trade” Agreement (NAFTA) is an agreement between Canada, the U.S. and Mexico created on January 1, 1994. Since its creation, nearly 300,000 family farms in Mexico have been put out of business, forcing Mexican workers to seek employment and better opportunities elsewhere—the United States.
Our nation has lost 14 manufacturing plants per day and over one-third of its manufacturing jobs over the last dozen years. The United States used to be a wealthy country, not one buried in debt. We accumulated abundance through most of the twentieth century, as we were a very productive country whose wealth derived to a great extent from manufacturing. Our companies invented and produced many of the things we needed and much of what the rest of the world needed.