June 24, 2019
“Foreign competition ran roughshod over domestic producers. Cheap imports, a war on labor and the Reagan tax cuts made matters worse. The gilded mantra, ‘greed is good,’ spilled into popular culture as Wall Street paved over Main Street, financializing every economic sector. Short-term profits, shareholder dividends and market share would be our lodestar — not strong industry, rising productivity and good jobs.
A clear national industry policy that made manufacturing and good jobs a priority could have stopped the carnage.”