Intelligence Community Fears U.S. Manufacturing Decline

[piet11111]

http://blogs.forbes.com/beltway/2011/02/14/intelligence-community-fears-u-s-manufacturing-decline/

It contains some whining about state intervention in china (while praising the USA interventions in the economy) but what is interesting is that they seem to fear china's rise and are working on a National Intelligence estimate something usually only made to shine a light on a crisis.

Also one part that made me laugh.


Federal policymakers have been getting hints that all was not well in the industrial base for some time. For example, when Defense Secretary Robert Gates decided to surge production of armored trucks for the Iraq counter-insurgency campaign in 2007, it was discovered there was only one steel plant in the nation producing steel of sufficient strength to meet military needs. That plant — the old Lukens Steel Company facility in Coatesville, Pennsylvania — had been bought by European steel giant Arcelor Mittal, and already had weapons makers waiting in line for the output its limited capacity could support.

Seems not everything should be privatized then ?

[Jose Gracchus]

It shows that there is a state-capitalist logic inherent to this system, as opposed to merely the recent aggregated slash-and-burn tendency of the individual profit-seekers, we have only seen much of lately. Just goes to show that the USSR still had a capitalist state logic to its development and behavior.