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US manufacturing has been shrinking for 14 months straight. (www.marketwatch.com)

submitted 8 months ago by [email protected] to c/[email protected]

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This is a good indicator that the real economy is collapsing, and explains why the regime is unable stop neither their recession nor inflation.

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[–] [email protected] 14 points 8 months ago (1 children)

I wonder if the United States were ever to become socialist, if the country would have to undergo a period of re-industrialization just because so much American industry has been outsourced. China's manufacturing prowess in comparison is only going to continue to grow.

[–] [email protected] 11 points 8 months ago

I expect so, after so many decades of financialization of the economy, a lot of important industries have been moved out of the country. This was a great read on the underlying dynamics incidentally https://americanaffairsjournal.org/2021/08/the-value-of-nothing-capital-versus-growth/