Sic Transit Pax Americana

I can’t even conjure up any black humor.

Well, we voted for it.

It was purchased at great cost; the aftermath will cost us yet more.

Wait, wait– here’s a fitting slogan: FORWARD!


  1. Maj W says:

    link may be broken.

  2. VFRMarine says:

    Wait! We'll sell Asia the new "green" energy industry. Oops…China already beat us to that (solar panels) or the companies themselves can't survive. As unfortunate as this development is, the press won't report it because it neither fits with their narrative nor does it seem they would be capable of understanding it, much less reporting it into a 30 second segment. Worse, most of the urban public that has no connection to the manufacturing, agriculture, or logistics that magically makes things appear in the stores and restaurants. Thus, they have a fundamental inability to understand the implications of this report.

    The alarm bells are shrill; yet, the press focus remains on things that do not matter.

  3. Mike Burke says:

    I see this as the end–or at least the end for now–of the long decline of American industry. The desire to maximize profits for quarterly reports to Wall Street has decisively tilted US industry away from the kind of high-value, high-export products–it's simply easier to make money manipulating financial instruments than it is to make things. Our incentive system–tax code is example #1–incentivizes these kin of manpulations rather than developing real products over time. A prime example of how this could work is Germany, which has has national health care of a particular kind, high taxes,unions, tough environmental laws, and low-ish unemployment. They export the hell out of their industry–we don't, preferring commodities like agricultural products rather than finished goods. Looking for low taxes, low wages, and low regulations, which is what the American business community has pursued, has led us to this point–we have created a generation or two of truly lousy industrial leaders–and US political policy simply supports that–if we were smart, we'd begin revitalizing our own industrial base, but that would irritate the big spenders on political campaigns on both sides of the aisle, which is Wall Street.

  4. mdl says:

    With a whimper instead of a bang………

  5. Mike Burke says:

    Here is a James Fallows piece from The Atlantic that might offer some reason to hope for American manufacturing in the future: