re: Deindustrialization - Have We Become a Poor Country?

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I thought he was full of crap at first, but he is onto something talking about what he perceives as "real" economies, not fake GDP numbers.

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Because it's voodoo that is a dressed up version of "If I don't like the numbers, then change the story".

We are an industrial power on a scale that these Russia simps can't really understand. Our aerospace industry alone is almost as big as the entire Russian economy; as I said above, our manufacturing capacity is damn near approaching double that of Russia's entire economic output across all sectors. We could convert a bunch of rural plants in Michigan and Alabama to manufacture D-20s at a rate that would dwarf Russia's, but we haven't prioritized it. Ukraine is probably 10th to 15th on the list of national priorities in precedence and funding, and they are still at a stalemate with a Russia that is getting on near war-footing approaching 8 - 10% of GDP spending on defense, almost all of which will go to Ukraine.

What does that say about that shithole?