[Marxism] "1873, not 1929"

[Carrol Cox]

Joaquin Bustelo wrote:
> 
>  johnaimani writes: "Where is the capacity for manufacturing steel, machine
> tools, automobile, television and consumer electronics in general?  Gone.
> Gone overseas."
> 
> I was under the impression that the United States was still the largest
> industrial and agricultural producer in the world.
> 
> Someone correct me if I'm wrong.

You are correct as far as I know. The shrinnkage of production work in
the u.s. is primarily due to technnology annd greater productivity, not
to transfer overseas.

Of course the former well=paid factory worker now reduced to a miserable
service job doesnn't really care whether his/her job was transferred
overseas or to a new machine or to a reduced and overworked workforce.

Carrol