Remember to enter Amazon via the VDARE.com link and we get a commission on any purchases you make—at no cost to you!
Who Killed Detroit?
Who killed the
To hear the media tell it, arrogant corporate chiefs failed to foresee the demand for small, fuel-efficient cars and made gas-guzzling road-hog SUVs no one wanted, while the clever, far-sighted Japanese, Germans and Koreans prepared and built for the future.
I dissent. What killed
As far back as the 1950s, an intellectual elite that produces mostly methane had its knives out for the auto industry of which Ike's treasury secretary, ex-GM chief Charles Wilson, had boasted, "What's good for America is good for General Motors, and vice versa."
Big Government do in the
It then clamped
fuel efficiency standards on the entire
State governments imposed income and sales taxes, and local governments property taxes to subsidize services and schools.
The United Auto Workers struck repeatedly to win the highest wages and most generous benefits on earth—vacations, holidays, work breaks, health care, pensions—for workers and their families, and retirees.
Now there is nothing wrong with
That is the dream, what we all
And under the 14th Amendment, GM,
Ford and Chrysler had to obey the same
Thus when America was thrust into the Global Economy, GM and Ford had to compete with cars made overseas in factories in postwar Japan and Germany, then Korea, where health and safety standards were much lower, wages were a fraction of those paid U.S. workers, and taxes were and are often forgiven on exports to the United States.
All three nations built "export-driven" economies.
The Beetle and early Japanese
imports were made in factories where wages were far
The competition was manifestly
unfair, like forcing Secretariat to carry 100 pounds in
his saddlebags in the
While we think the Global Economy is about what is best for the consumer, they think about what is best for the nation.
Like Alexander Hamilton, they
understand that manufacturing is the key to national
power. And they manipulate currencies, grant tax rebates
to their exporters and
thieve our technology to win. Last year, as trade
expert Bill Hawkins writes,
How has this Global Economy
profited or prospered
In the 1950s, we made all our own toys, clothes, shoes, bikes, furniture, motorcycles, cars, cameras, telephones, TVs, etc. You name it. We made it.
Are we better off now that these
things are made by foreigners? Are we better off now
that we have ceased to be self-sufficient? Are we better
off now that the real wages of our workers and median
income of our families no longer grow as they once did?
Are we better off now that manufacturing, for the first
We no longer build commercial
ships. We have but one airplane company, and it
Our politicians and pundits may not understand what is going on. Historians will have no problem explaining the decline and fall of the Americans.
COPYRIGHT CREATORS SYNDICATE, INC.
Patrick J. Buchanan needs no introduction to VDARE.COM readers; his book State of Emergency: The Third World Invasion and Conquest of America, can be ordered from Amazon.com. His latest book is Churchill, Hitler, and "The Unnecessary War": How Britain Lost Its Empire and the West Lost the World, reviewed here by Paul Craig Roberts.