A Generation of Politically Economic Re-education: Wall Street -vs- Main Street….


When I was in college getting my degree in economics I wrote my thesis on a variation of this off shore manufacturing problem that we have today. Moving production out of the country for cheap goods doesn’t work because that was the place the middle class got their jobs. Everyone can’t be a doctor or an attorney and you don’t need many engineers if you don’t make things. The service industry has two components to it i.e. food service and financial service or low skill and high skill with not much in between. The other problem was the services can also be taken over seas so we are left with no jobs but those in government so the bottom line is that the service economic model is based on false assumption and does not work in the long run as we are finding out. The “services” model MUST be replaced and goods production brought back or the country will cease to exist in a few decades.

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