The United States is rapidly becoming the very first "post-industrial" nation
on the globe. All great economic empires eventually become fat and lazy
and squander the great wealth that their forefathers have left them,
but the pace at which America is accomplishing this is absolutely amazing.
It was America that was at the forefront of the industrial revolution. It was America
that showed the world how to mass produce everything from automobiles to
televisions to airplanes. It was the great American manufacturing base
that crushed Germany
and Japan in World War II.|
But now we are witnessing the deindustrialization of America ..
Tens of thousands of factories have left the United States in the past decade alone.
Millions upon millions of manufacturing jobs have been lost in the same time
period. The United States has become a nation that consumes everything in
sight and yet produces increasingly little. Do you know what our biggest
export is today? Waste paper. Yes, trash is the number one thing that
we ship out to the rest of the world as we voraciously blow our money
on whatever the rest of the world wants to sell to us. The United States
has become bloated and spoiled and our economy is now just a shadow of what
it once was. Once upon a time America could literally out produce the
rest of the world combined. Today that is no longer true, but Americans
sure do consume more than anyone else in the world. If the
de-industrialization of America continues at this current pace, what
possible kind of a future are we going to be leaving to our children
Any great nation throughout history has been great at making things.
So if the United States continues to allow its manufacturing base
to erode at a staggering pace how in the world can the U.S. continue to
consider itself to be a great nation? We have created the biggest
bubble in the history of the world in an effort to maintain a
very high standard of living, but the current state of affairs
is not anywhere close to sustainable. Every single month America goes into more
debt and every single month America gets poorer.
So what happens when the debt bubble pops?
The de-industrialization of the United States should be a top concern for every man,
woman and child in the country. But sadly, most Americans do not have any idea what is going on around them.
The following are 19 facts about the de-industrialization of America that will blow your mind....
#1 The United States has lost approximately 42,400 factories since 2001. About 75 percent of those
factories employed over 500 people when they were still in operation.
#2 Dell Inc., one of Americas largest manufacturers of computers, has announced plans to
dramatically expand its operations in China with an investment of over $100 billion over the next decade.
#3 Dell has announced that it will be closing its last large U.S. manufacturing facility in
Winston-Salem, North Carolina in November. Approximately 900 jobs will be lost.
#4 In 2008, 1.2 billion cell phones were sold worldwide. So how many of them were manufactured
inside the United States? Zero.
#5 According to a new study conducted by the Economic Policy Institute, if the U.S. trade
deficit with China continues to increase at its current rate, the U.S. economy will lose
over half a million jobs this year alone.
#6 As of the end of July, the U. S. Trade deficit with China has risen 18 percent compared
to the same time period a year ago.
#7 The United States has lost a total of about 5.5 million manufacturing jobs since October 2000.
#8 According to Tax Notes, between 1999 and 2008 employment at the foreign affiliates of
U.S. parent companies increased an astounding 30 percent to 10.1 million. During that exact
same time period, U.S. employment at American multinational corporations declined 8 percent to 21.1 million.
#9 In 1959, manufacturing represented 28 percent of U.S. economic output. In 2008, it represented 11.5 percent.
#10 Ford Motor Company recently announced the closure of a factory that produces the
Ford Ranger in St. Paul, Minnesota. Approximately 750 good paying middle class jobs are going
to be lost because making Ford Rangers in Minnesota does not fit in with Ford's new "global" manufacturing strategy.
#11 As of the end of 2009, less than 12 million Americans worked in manufacturing.
The last time less than 12 million Americans were employed in manufacturing was in 1941.
#12 In the United States today, consumption accounts for 70 percent of GDP. Of this 70 percent,
over half is spent on services.
#13 The United States has lost a whopping 32 percent of its manufacturing jobs since the year 2000.
#14 In 2001, the United States ranked fourth in the world in per capita broadband Internet use. Today it ranks 15th.
#15 Manufacturing employment in the U.S. computer industry is actually lower in 2010 than it was in 1975.
#16 Printed circuit boards are used in tens of thousands of different products. Asia now produces
84 percent of them worldwide.
#17 The United States spends approximately $3.90 on Chinese goods for every $1 that the
Chinese spend on goods from the United States .
#18 One prominent economist is projecting that the Chinese economy will be three times
larger than the U.S. economy by the year 2040.
#19 The U.S. Census Bureau says that 43.6 million Americans are now living in poverty and
according to them that is the highest number of poor Americans in the 51 years that records have been kept.
So how many tens of thousands more factories do we need to lose before we do something about it?
How many millions more Americans are going to become unemployed before we all admit that we
have a very, very serious problem on our hands?
How many more trillions of dollars are going to leave the country before we realize that
we are losing wealth at a pace that is killing our economy?
How many once great manufacturing cities are going to become rotting war zones like Detroit
before we understand that we are committing national economic suicide?
The de-industrialization of America is a national crisis. It needs to be treated like one.
If you disagree with this article, I have a direct challenge for you. If anyone can explain
how a de-industrialized America has any kind of viable economic future, please do so.
America is in deep, deep trouble folks. It is time to wake up!!
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