We Need to Build the New Economy Here In America

Posted by admin on 10/02/2008

ManufactureThis has been talking a lot during this financial crisis about the need for whatever new economy is built on the rubble of the one that's melting down center around a sustainable model with American manufacturing at it's center. Here's the sort of thing I'm talking about, from dday over at Hullabaloo:
The problem, folks, is that the largest sector of the private economy is financial services, in other words people pushing paper to other people, while manufacturing is at its lowest level in decades. That is historically unsustainable and impossible, and invites crises like this, and no amount of figuring out a creative accounting fix and some kind of bailout on the cheap is going to change that. Only by creating a new energy economy, allowing for 5 million new green-collar jobs, and building a manufacturing base again to match the knowledge economy will we ever have an economic system in any kind of balance. Yet only the Senate bribery bill even brooches that subject.
Now that's what I'm talking about...

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