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Originally Posted by Vexx
We also lack "a strong export industry" ... there's not much we "make" anymore other what are proving to be less than stellar ideas about how law and business should work.
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Actually the US have some export business that no other nation are able to come close.
First there is agriculture, that is why the Mr. Bush wanted to promote Bio-fuel to "Enhance" the price of grain that no other single nation can match in quantity.
Second is weapons. US is the top weapons dealer of the world.
Third is avionics but this is meeting heavy competition with European rival. Recently Boeing had a major blow with the Fuel tanker deal with the military, further expanding the problem with 787 "Dreamliner" which have missed production schedule so many time.
Forth is computer software but this is also meeting tough competition with various rivals and piracy.
Fifth is the movie industry but this is also showing fatigue with lack of original material and the ever rising price in production.
I also believe the US have a formidable chemical industry but unfortunaltely very limited for export due to enviormental problems.
As for machinery and/or construction material production, the US had placed too much emphasis on domestic market not being able to adopt the metric system which greatly hinders export. (No nation is going to by a 1/2 inchΦ bolts and what not's)
The biggest problem the US forsees in the near future is as spoken before, the near sightness of managment shipping their manufacturing facilities overseas so to squeeze HR costs.
From this any and all craftsmanship that resided within the various manufacturing industries either died out or was shipped out making it very difficult to regain the same height even if manufacturing industries come back.
This is the biggest hidden problem US must face.