Our time of trouble is because we have not paid good attention to the Messenger of God that He raised among us to warn us of the days that we are now witnessing; days when factories closed and long lines of persons looking for a job. He asked us to get up and do something for ourselves before we were forced to do it. Unfortunately we did not listen.
Unfortunately, we have lost our manufacturing capacity.
Trump, who in his own history as a developer preferred mob concrete and Chinese steel to the variety produced in the Rust Belt, cannot bring back the steel and manufacturing jobs lost in Lorain, Ohio or western Pennsylvania.
In every society, manufacturing builds the lower middle class. If you give up manufacturing, you end up with haves and have-nots, and you get social polarization. The whole lower middle class sinks.
When I was starting, there were wool mills in the U.S. that could make you anything. The U.S. used to produce the most beautiful cotton denim in the world. Now all that is gone.
The sealing industry is dying.
There are a lot of people in the Rust Belt who felt like, 'Nobody's concerned about me, and my shot at the American dream is going away.' We need to restore that.
After a major loss of dynamism in the 1960s, productivity growth rates began dropping in most countries, falling by half in the U.S. in the 1970s and more or less ceasing altogether in France, Germany and Britain in the late 1990s.
Bell Labs was an astonishing place for many decades, though it fell on somewhat hard times during the telecom meltdown some years ago, as its corporate owner had to cope with shrinking markets.
[Russia] has been haunted by its relative backwardness, particularly in the military and industrial spheres.
What we have seen for a very long time is large corporations shutting down plants in this country, plants that are often profitable, in order to get cheap labor all over the world. And that is one of the reasons why the middle class in this country is disappearing.We have lost our manufacturing base, and that's an issue that has got to be dealt with.
Industrialization came to England but has since left.
What kind of country just recycles its old money, reminisces about what used to be, and doesn't know how to weld, to machine, to cast or to bolt things together? Not one that's on a path to future greatness, that's for certain.
Britain in the 1970s was undoubtedly an economic mess because of the oil price explosion.
Back in the 1980s parts of our country were devastated by de-industrialisation. This wave of globalisation and the first fruits of technological innovation destroyed industrial jobs or exported them to low-wage economies. The loss of work had a devastating impact.
If I could distil the relevance of Bruce Springsteen's music to Australia it would be this: don't let what has happened to the American economy happen here. Don't let Australia become a down-under version of New Jersey, where the people and the communities whose skills are no longer in demand get thrown on the scrap heap of life.
There used to be a lot of industry in Montreal, and now there's not, so it's really easy to get huge, empty spaces where you can practice and make music or make art for very, very cheap.
We're not going to let our companies be raided by other countries where we lose all our jobs, we don't make our product anymore. It's very sad.
No president can force shuttered mills to reopen, or companies who've left in search of cheaper labor to relocate to the United States (or those who have come back to choose expensive humans over cheaper robots).
The economic development of industrial society tends inevitably to the ruin of small industries.
I think Detroit shows that we've come to the end of the industrial epoch and have to find a new mode of production.
… post-industrial society
Ford is leaving. You see that, their small car division leaving. Thousands of jobs leaving Michigan, leaving Ohio. They're all leaving. And we can't allow it to happen anymore.
Cities have made the transition from industrial to service economies.
You know, sometimes I don't understand what's wrong with us. This is just about the most creative and imaginative country on earth—and yet sometimes we just don't seem to have the gumption to exploit our intellectual property. We split the atom, and now we have to get French or Korean scientists to help us build nuclear power stations. We perfected the finest cars on earth—and now Rolls-Royce is in the hands of the Germans. Whatever we invent, from the jet engine to the internet, we find that someone else carts it off and makes a killing from it elsewhere.
