History records the USSR launched Mankind’s first satellite in 1957 — triggering a massive reaction from a US Establishment which realized it was falling behind the Communist opposition. Suddenly, it became cool to study engineering. Balls were kicked into motion, leading later to Democrat President JFK raising the stakes by setting the objective of putting a man on the Moon — and securing the open-ended budget to achieve that goal. The US pushed technology to the limits, creating a “Brain Drain” from Europe to the US as smart people from around the world flocked to where the action was. That was then.
The Covid Scam should have triggered a similar massive reaction, when the US public was suddenly made aware that most of the medications (and a lot of the medical equipment) used in the US comes directly or indirectly from Communist China. We have been told so often that the US cannot compete with low-wage low-skill Chinese workers — but medications are not labor-intensive; they are high-tech, capital-intensive, knowledge-intensive, skill-intensive. Why has the US lost the industries in which it should theoretically have a Comparative Advantage (to use the “Free Traders” jargon)? And why has the US Political Class lost the ability to respond to an existential challenge?
Part of the difference, of course, is that the ruling Democrat clique has been co-opted by … let’s just call them, unidentified forces. 60+ years ago, Democrats were Americans and wanted the best for American workers. The mechanisms by which subsequent Democrats sold out their fellow citizens are complex — with a large part involving the creation of an atrociously complex tax system and intrusive regulations which put US industry at an impossible competitive disadvantage.
David Goldman has an interesting perspective on where the US Political Class has failed US citizens. Appropriately enough, his article had to be published in the Asia Times; the Democrats of the New York Times are too busy focusing on something that happened when the English ran North America in 1619.
The money quote: “Our competitors subsidize capital-intensive industry. We subsidize sports stadiums.”