Reply #18: I agree [View All]

[Tansy_Gold]

And since many of *'s backers are not dependent on a strong U.S. economy -- they've invested elsewhere, moved production facilities elsewhere, etc. -- they are poised to make a killing from the collapse of the U.S. manufacturing economy.

An economy as large as ours cannot continue without some kind of strong manufacturing base. As someone wise once said, labor creates all wealth. What we have now in our economy is a massive shift from making things to selling things and facilitating the sale thereof, either through the credit card systems, health insurance, etc. We don't MAKE anything any more and therefore we don't MAKE wealth.

The wealth-making is going on elsewhere; the U.S. retail and services economy just serves as a transfer vehicle.

The collapse of the U.S. economy will not hurt the BFEE; they are not likely to do anything to stop it. The real strengthening of the U.S. economy, on the other hand, will put the kabosh to their plans. Not a strengthening of the retail/services economy we now have, but a return to the manufacturing base that they've been shifting -- coupled with a sensible downsizing of our level of consumption of cheap crappy merchandise. This will allow not only our economy to strengthen, but the economies of the low-wage nations the BFEE corporations have been enslaving.

But what do I know? I'm not an economist.

I'm just

Tansy Gold