Behind Trump’s Wishful Thinking on ‘Reindustrialization’: Why China Can Do It, U.S. Can’t
by Sara Flounders, published on Workers World, April 21, 2025 In the 1950s, when Japan and much of Europe was in ruins, the U.S. accounted for 50% of the world’s global production. By the 1960s, this was 35%, declining to 25% by the 1980s. By 2025, the U.S. share of global production had fallen to 12% as production grew elsewhere.[…]
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