A couple months ago I posted an op-ed I had submitted to the Washington Post both here and as part of an Open Blog over at Ace's . In it I speculated that one of the things that will be necessary to rebuild the American economy is a resurgence of on shore manufacturing. I was pretty thoroughly shouted down at Ace's both by those who believed I was advocating a command economy and by those who believe that manufacturing in the US is dead.

Well I am happy to say I am not alone in thinking that a service economy is not sufficient to sustain American dominance.

That lack of an industrial base has put the American economy and worker in jeopardy, says distressed investor Lynn Tilton, CEO of Patriarch Partners. "The reality is, in recent times, every great empire has been built on a manufacturing economy," notes Tilton. "The fall of every empire has been the failure to remember that one fundamental fact."

Tilton's point is simple: the country cannot thrive as simply a service-based economy. As Tilton explains to Aaron and Henry in the accompanying clip, there isn't enough demand for services and those related jobs to keep the U.S. competitive on a global scale. We should also not over look the fact some people are better at building and making things then working on spreadsheets in a cubicle

 Now  I have to admit I'm not sure what empires she is referring to but she agrees with me so she must be a genius.

Posted by: chad98036 at 10:06 PM | Comments (17) | Add Comment
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