A couple things I took away:
Judis doesn't really point out any culprits for where our country is at. That in a way, is the whole point of the article and the best we can do is to soberly accept where the U.S. is at and move on from there.
The article subtly implies that a return to the American School of economics is much needed, but with the caveat that we can no longer use protectionism to safeguard our industry. Instead, we have a great deal of latitude in invigorating our industry through free market mechanisms seeing how big of a trade deficit we've been running.
Good stuff. The last sentence sums it up nicely. Question is what do we have that we can produce more efficiently than other countries? Green energy doesn't do it in my mind.
I took from the article that the first policy the author suggested we should pursue is create a level playing field for american industry.
Absolutely brilliant macroeconomic analysis. Forwarding this to everyone I know.
American manufacturing is nonexistent. We have to take inventory of our competitive advantages and leverage them for growth. I think Cleantech can do it, along with information technology. America's best export is innovation and we have strong growth prospects in these two industries.
good article, thanks for sharing man
Well-explained, and level-headed for a change. Thanks GoodBread!
Dolorem quo odio voluptate animi. Voluptate sit non dicta vel. Perferendis inventore aliquid excepturi aut ipsa. Sint voluptatum tempore et excepturi cumque.
Occaecati tenetur cupiditate esse non dolores. Officiis libero voluptatibus quod et. Labore suscipit rem veniam iure quidem voluptatem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...