The Claims of the Curious Capitalist Have Us Scratching Our Heads
Does the U.S. need factories in order to be an economic power?
The answer to this question may seem like an obvious "Of course-- doesn't every country?" But Michael Schuman's blog on The Curious Capitalist says that "A nation today doesn't need to have its own factories to be an economic power, even a manufacturing power."
His argument for the aforementioned statement is as follows,
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