America’s Transformation Process

The U.S. has been undergoing a transformation process.

Wealth can only be generated through production. The solid industrial base and the middle class used to keep the U.S. wealthy, free and prosperous.

Perhaps the U.S. crisis started when the financial sector began to substitute for other industries in the late 1980s. The U.S. has squandered its real wealth in the pursuit of paper wealth.

The U.S. has got themselves into a debt-induced economic crisis through this transformation process.

The greatest lesson of all from the U.S. downfall may be what lacking productive investment and hollowing out its industrial base can do to the health of the nation.