Want a Manufacturing Renaissance? Here’s How

Over on the Of Two Minds blog, Charles Hugh Smith expounds on the death of manufacturing in America and how to restore it:

http://www.oftwominds.com/blogoct10/manufacturing-renaissance10-10.html

. . .

The U.S. culture is enamoured with "clean" "industries" like the FIRE sectors: finance, insurance and real estate. Americans love having a clean business park filled with workers performing transactional churn which produces nothing but magically makes money. The houses being sold aren’t improved or modified in any way, the mortgage churn, the policy churn, the CDO churn and the stock, bond and derivative "portfolio hedging" churn all generate nice clean money which flows into the clean fast-food chain restaurants and strip malls which arise around the business parks.

All that "clean" transactional churn is the root cause of the American economy’s devolution and impending implosion. America is also enamoured with film-making (clean!) and the music "industry" (clean!). Unfortunately, all these "clean" "industries" are precisely the ones being irrevocably gutted and dismembered by that other "clean" "industry", the Internet.

. . .

Good stuff – highly recommended !

Advertisements
Post a comment or leave a trackback: Trackback URL.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: