Monday, May 24, 2010

A China Wake-Up Call

I found the recent announcements by China very interesting. (USA Today, May 24, 2010 article by David J. Lynch). In particular the fact that China is increasing focus on developing its own powerful companies and innovative technologies. Imagine a country doing something for its own benefit! This includes developing its own company / corporate structure, manufacturing, and technology base, that will benefit China. This will greatly strengthen their country, employ their people, give them the benefit of close proximity to their huge market, and strengthen their economy.

This should be a wake up call for the United States. We have essentially given up our greatest strength as a nation of manufacturing, as well as much of our technological strength. We seem to have done this by allowing our country to be lulled into believing the fallacy that we should become a "service economy". Yet our greatest strength as a nation since the Industrial Revolution has been manufacturing. Technology goes hand in hand with this. We are blessed with plentiful raw material resources, transportation systems, a work force second to none, and our own vast North American market in close proximity. Yet we seem to have given that all up based upon false and losing strategies, and false economics.

No single move by the United States would be stronger in resurrecting our economy than bringing back manufacturing to America. Our greatest strength historically and in the future, is, and always should be...Made in America!

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