Post-WW2 pretty much every non-US country worth a damn was in the shitter from having been through WW2. The U.S. manufacturing sector was untouched. Those are pretty well undeniable facts. Once those other countries finished rebuilding and we actually had competition again, all the economic rules started coming back into play.
Once those other countries finished rebuilding and we actually had competition again, all the economic rules started coming back into play.
Did you completely miss that part of the post? Lack of competition owing to other competitive at the time (read: European.) countries having been blown to hell owing to the war helped spur U.S. economic growth. Once those countries (and also Japan.) started coming back up, we start seeing competition, which will naturally drive prices down.
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Tb0n3 ago
The industries that sustained them left. That's the reason.
antiliberalsociety ago
Whatever made them leave?
Tb0n3 ago
Cheaper factories, cheaper materials, better locations, lots of things.
antiliberalsociety ago
Anything but political policies huh?
Fred ago
Post-WW2 pretty much every non-US country worth a damn was in the shitter from having been through WW2. The U.S. manufacturing sector was untouched. Those are pretty well undeniable facts. Once those other countries finished rebuilding and we actually had competition again, all the economic rules started coming back into play.
EdSnowden ago
So your theory is in 1945 the factories were in the shitter, then 17 years later after prospering that whole time they fail miserably for no reason.
Fred ago
Did you completely miss that part of the post? Lack of competition owing to other competitive at the time (read: European.) countries having been blown to hell owing to the war helped spur U.S. economic growth. Once those countries (and also Japan.) started coming back up, we start seeing competition, which will naturally drive prices down.