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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (25685)	8/17/2003 2:02:11 PM
From: Rarebird	Read Replies (1) \| Respond to of 89467

Under capitalism, the capital goods industries are vital. They are the industries which produce the new plant and equipment which small, medium and large businesses operate later. Like any other industry, the capital goods industry cannot stay in business without a constant stream of orders. A contracting industrial base spells death for the capital goods industries. Given time, they go out of business. And then, a fundamental economic shift takes place. After most of a nation's capital goods industries are gone, to get NEW capital plant and equipment, it must IMPORT from the nations which produce it. This can be directly and physically observed today right across the United States. All the factories and assembly lines from Mercedes, Honda, etc., etc., stand as the mute physical evidence that for several past decades, the US has been a capital goods as well as a capital goods INDUSTRY dependent nation. Back in the 1950s and the 1960s, it was the rest of the world which was screaming not only for American consumer goods, but especially for American capital goods, the capital plant and equipment with which to produce the end final goods. Back then, European politicians were preening themselves if they could open a plant with American equipment and Japanese businessmen became samurai doing the same. Now, the intellectual foundation for capitalism in the US is gone. IT IS DE-INDUSTRIALISING.