Monday, August 01, 2022
Commentary: Industrial Power in Economics and War
Beginning in the 1980s, the American economy underwent substantial changes. Just as the earlier age of industrialization had transformed a rural and agriculture economy into an urban one focused on manufacturing, the industrial age gave way to the information age, with a greater priority for tasks like management, information processing, and finance. The workforce and concentrations of wealth followed suit, with finance and high-tech companies displacing the old industrial giants with their assembly lines and armies of workers.
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In the 70s and 80s, America stopped being an industrial power, on purpose. In the 90s, China started being an industrial power. Also on purpose. As Pete says, this was done to us, by people with names and addresses.
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