re: Deindustrialization - Have We Become a Poor Country?

quote:

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The U.S. is the equivalent of an old money family in a rich neighborhood that has what used to be the biggest prettiest mansion on the block but due to family dysfunction and frivolous spending on all the neighbors houses to flaunt their wealth, the reality is they have almost maxed out their credit cards and the mansion looks nice on the outside but is starting to crumble on the inside

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This is hilarious

If you apply this analogy to the world, everyone else has smaller maxed out credit (with some payday loans) in ghettos and trailer parks. Some countries are so poor they can't get credit and are homeless doing odd manual jobs for smokes (Russia)