Learning About Wages from Henry Ford
Made in China
By DAVID MACARAY
The U.S. no longer makes stuff. In their wisdom, America’s politicians, academics and corporate leaders willingly relinquished our manufacturing base to the Third World. Our trade deficit remains huge, we’re trillions of dollars in debt, our infrastructure (roads, bridges, ports, aqueducts) is begging for repair, and our states and municipalities are going broke.
We’re fighting two expensive wars which, with each passing day, seem to make less and less sense to the public; the gap between rich and poor is widening; our health care system (even with the tepid reforms set to take effect in 2014) is spiraling out of control; and our public education system—once a source of national pride—is scandalously under-performing.
Pharmaceuticals remain one our few growth industries, but much of that growth is fueled by drug companies inventing new diseases (shyness, excessive blinking, etc.) so they can sell us remedies for them. Currently, they’re trying to convince American women that their natural sex drives are dysfunctional, hoping to create a market for female Viagra. more