Tag Archives: manufacturing

  Herland Report: US Economy Destroyed: In 1945 the United States emerged from a world war with the only intact industrial economy in the world.  The British, European, Soviet, and Japanese economies were in ruins.   China and the rest of Asia, Africa, and South America had undeveloped economies, later renamed third world economies.  Additionally, the US held most of the world’s gold …

  Herland Report: For a quarter century I have pointed out the destructive effect of moving American investment and jobs to China and other points abroad. Offshoring served the interests of corporate executives and shareholders. The lower labor costs raised profits and, thereby, executive bonuses and the prices of the stocks, resulting in capital gains for shareholders, writes one of …