The good news just keeps rolling in, doesn’t it? From the Financial Times:
The US remained the world’s biggest manufacturing nation by output last year, but is poised to relinquish this slot in 2011 to China – thus ending a 110-year run as the number one country in factory production.
This is an outright disaster and proof that our economic system is fundamentally flawed. We have a massive government, special privileges for some companies which work out as restraint of trade for small and start-up firms, a burdensome tax and regulatory climate which makes it easier for corporate pinheads to move factories to China rather than keeping them here. And it all adds up to a system which makes life hard for the working poor and middle class.
The very rich and the very poor get on ok with this – only in America are the non-working poor overweight, driving cars and watching cable TV. Meanwhile, the super rich are still out there buying luxury goods at a fast pace while regular retailers face bankruptcy.
Revolution, my friends – it is the only way. We must overturn this bastard combine of corporatism and socialism and build an economy fit for regular men and women to work in. November will likely prove a good first step in this, but keep in mind that it is just a first step – if we are not relentless post-November, then our own GOP will slip back in to the bad, old ways.
Never let up – the fight is just beginning and it will take a generation to complete.
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