Loading ...Long long ago, at the start of globalization, the US public was “taught” that the most important thing was getting the cheapest price available. Leading American consumers to buy cheaper imported products. Like Gresham’s law, the bad drives out the good. Cheap is bad. For the USA.
The fake news media makes it sound like, or says, on line sales are killing stores, but online sales are only about 11% of total sales. Re “the dinosaurs who couldn’t adapt? A sad thing but the way of the world. ”
In my view they DID adapt, long ago, at the start of globalization. They proceeded to do what the world gov’t, new world order, wanted them to do. Start buying imported foreign made products, thereby taking the “work” away or “money” away from their domestic USA customers, who use money to buy things.
Naturally, over the long haul, the Americans have less money to spend, ESPECIALLY the young Americans coming out of high school, still living home. They have nothing and if they could get a non-slave wage job, they’d leave home, have money to spend on unlimited needs.
If Henry Ford had cars made in Japan, he would have LESS domestic customers with money to buy his cars.