Author: R. Alan Harrop, Ph.D
A strong economy is essential to the security of any nation. Not only to provide a reasonable standard of living for its citizens, but as protection from external adversaries. This was never more evident than in World War II when American industrial might saved the world from fascist tyranny. As the “Arsenal of Democracy,” America provided the military equipment and weapons without which Nazi Germany and Imperial Japan would have succeeded in their wars of conquest. This was made possible, in large part, by the conversion of existing factories producing consumer goods to producing military hardware. Unfortunately, the American economy does not have the dominant manufacturing capabilities that we once had.
Let’s look at manufacturing in America today. It is difficult to find any manufactured product nowadays that is not labeled “Made in China.” In 1980, 22% of jobs in the U.S. were in manufacturing; now that percentage is 8%. Just this past July, 24,000 manufacturing jobs were lost. In addition, many factories are owned by foreign entities. The recent approval by the Biden/Harris administration to allow the purchase of U.S. Steel by a Japanese company is a perfect example of what has been occurring. Not only has this been occurring in the manufacturing sector, but with pharmaceuticals as well. Many Americans were shocked during the COVID crisis to find out that most of our essential medications are manufacture overseas. A disruption in the supply chain signaled what could happen if a global conflict occurred.
Recently, we have begun to rely on imports of essential food products. A recent article in the Epoch Times reported that thousands of U.S. cattle raising operations have gone out of business. This appears to be due to increasing imports of beef from Mexico and South America as well as the burden of green energy demands imposed on U.S. farmers. In addition, China has been greatly expanding its commercial fishing fleet. Like many things done by China, they are violating international restrictions. China was described as the world’s “biggest perpetrator of illegal fishing.” Not only does China have over 3,000 commercial fishing vessels deployed worldwide, but they pay poor countries to allow them to fly those countries flags so they can fish in their local waters. They are putting our fishing sector out of business and destroying fish stocks.
It should concern every American that our economy can no longer support our needs. Former President Trump recently announced his intention to reverse this dependency on foreign countries. One way is to give tax incentives to American corporations to return production to this county and cancel the green new deal. So far, no comments from the Harris campaign on this critical issue.