Our Anti-Manufacturing Bias
THIS review by Steve Sailer is several months old but it’s well worth reading. Sailer looks at Thomas Geoghan’s recent book about the German economy. Sailer writes:
For decades, American economic sages such as Larry Summers, Tom Friedman, and Alan Greenspan have implied that manufacturing stuff was more or less obsolete—that the building blocks of the economy of the future would be cheap labor and expensive finance. The Chinese will make everything, while Americans will get rich selling each other ever more sophisticated financial instruments. (more…)



