Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Several years ago I was informed of a discussion with a Silicon Valley VC to the effect that, by 1980, it was no longer profitable to manufacture in the USA due to wages and benefits, so the wealthy were shifting their efforts off shore and planned to just grab as much as they could from the US economy, essentially switching from building wealth in the US to extracting wealth from the US. This seems to have been independent of peak oil or climate change concerns. But the plan described certainly seems to be what has unfolded.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Jul 12th, 2016 at 04:11:00 PM EST
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