Saturday, July 2, 2011

Metrics of Decline

Occasionally I get comments from readers who express surprise at my gloominess about the US. Surely this place isn't melting down completely... is it?

Here's a chart showing just one metric of imperial decline, the implosion of the US machine-tools industry (data from the ever-reliable folks at Gardner Publications):

Region or Country 2001 Production of Machine-tools as Percent World 2010 Production of Machine-tools as Percent World
BRICs (Brazil, Russia, India, China) 8.9% 32.4%
Europe (EU plus Switzerland) 48.7% 31.0%
East Asia (Japan, South Korea, Taiwan) 14.0% 30.4%
US 7.9% 3.1%

(Side-note: the magnitude of the US decline is matched only by the slide of that other former superpower trashed by market fundamentalism, Britain, whose share of machine-tools production dropped from 2.3% in 2001 to 0.7% in 2010).

It doesn't have to be this way. If the US spent $1 trillion every year on education and green jobs instead of neocolonial war and drone strikes on Afghan wedding processions, 90% of our social and economic problems would go away within a decade.

America has a choice: military-colonial ruination, or eco-democratic rebirth.

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