Baraka_Guru

I didn't suggest you did. I was merely pointing it out as a comparison. China has far more new to its economy than America does at the moment, and so you're going to get growing pains.

Agreed. But, let's not paint everyone with the same brush.

I disagree. You honestly think outsourcing should have been made illegal and/or ruinously expensive? Wow, how isolationist of you. What is your opinion on other factors of global trade?

Not true. There are economic systems based heavily on services and other industries that do just fine (economically). How strong is Saudi Arabia's manufacturing compared to oil and services? Not everyone can nor needs to make a lot of shit to succeed. You need to make use of what resources you have and move your economy to where the demand is. You need to innovate. You need to be flexible. You need to change rather than try hopelessly to bring a dead horse back to life. What happens when other economies steal your jobs and grow as a result? Their demand patterns shift, and they won't likely be able to fulfill them on their own. Find out what those other things are and offer them. In the case of North America, this is increasingly knowledge, technology, and services. There is much growth in domestic services as well.

---------- Post added at 06:29 PM ---------- Previous post was at 06:25 PM ----------

Much of what I would suggest as answers lies here: Mixed economy - Wikipedia, the free encyclopedia

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