Econimic Disaster

 

The United States is facing an economic disaster of an enormous magnitude a few countries have ever experienced. Most individuals are oblivious to the crisis hiding in plain sight, unaware of how it initiated and much less how to put an end to it. While many persist in the “superpower mentality”, the nation has slowly become a second-class country in many aspects.

The United States no longer produce what Americans need to sustain themselves. The U.S imports much more than it exports and is selling off its assets taking on massive debts to sustain a standard of living it can no loner afford. It even fails to acknowledge predatory foreign trade practices undermining U.S. industry. Instead one encourages U.S. manufacturers to design, engineer, and produce in third world markets like Mexico and China.

U.S needs to take immediate action to reverse the out-of-control trade deficits. While it’s regulatory and tax systems have unnecessarily raised domestic business costs, the fundamental cause of the present crisis is three decades of extremely detrimental U.S. trade and globalization policies.

We should not simply rest on the faith that other countries will hold themselves to our standards in areas such as, labor and competition policy. These standards affect the cost of production. If other countries fail to adhere to these standards, they gain an unfair cost advantage

The U.S. industries have been so disarmed and dismantled that it now lacks, capacity and investment capital to facilitate self-sustaining production.