American manufacturing has declined rapidly over the last thirty years due to the complacency on the part of Americans and the rise of China, which views manufacturing as a strategic weapon to disempower its opponents.
With higher wages and lower productivity, America could not compete in a global market with China's slave labor, rigged exchange rates and subsidized shipping. As long as globalists determined America's trade policy, America and every other developed nation with higher standards of living would lose their manufacturing base to nations who offered lower prices.
However, as China and other nations climb out of poverty and their labor costs rise and they experience shortages of skilled labor, America now finds that perhaps it can compete in manufacturing some items in a global market.
Dan DiMicco, chairman and former CEO of Nucor, America's largest steel company believes that the exodus of jobs to China and other foreign markets is irreversible, as he demonstrated when he revived a major US manufacturing firm during a recession and helped galvanize the flagging domestic steel industry when many of his competitors were in bankruptcy or headed overseas.
In American Made, DiMicco takes to task the politicians, academics, and political pundits who, he contends, are exacerbating fears and avoiding simple solutions for the sake of nothing more than their own careers, and contrasts them with the postwar leaders who rebuilt Europe and Japan, put a man on the moon, and kept communism at bay. We need leaders of such resolve today, he argues, who can tackle a broken job-creation engine by restoring manufacturing to its central role in the U.S. economy--and cease creating fictitious "service businesses" where jobs evaporate after a year or two, as in a Ponzi scheme. Along the way, he shares the lessons he's learned about good leadership, crisis management, and the true meaning of innovation, and maps the road back to robust economic growth, middle-class prosperity, and American competitiveness.
While DiMicco's view is limited, his book highlights an important issue.
Copyright: New Book Reviews
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