The Importance of Accepting the Loss of American Manufacturing

The question of whether you can sustain an empire isn't whether you have a problem it's whether you can get around it so the u.s. moved very significantly into high tech computers software uh pharmacare aerospace these became the major industries and they accepted that they were going to lose the other things. They also moved into services financial services consultancy engineering accounting legal they moved into massive distribution centers because that's key to global globalizations. You're seeing this shift in america in a way that when you look at decline you miss the flip side of this so you have to look at that okay so i'm running out of time but we're going to have another 10 minutes so that's great