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- Publisher
- SAGE
- Copyright
- © 2012 Joseph S. Murphy Institute, CUNY
- ISSN
- 1095-7960
- eISSN
- 1557-2978
- DOI
- 10.4179/NLF.213.0000003
- Publisher site
- See Article on Publisher Site
Abstract
By Mark Levinson On the Contrary Manufcturinag the future Why Reindustrialization Is the Road to Recovery Four and a half years after the crash, the American economy sput- ters along. Twenty-three million workers cannot find full-time work, and the percentage of the employed population has hardly budged since it hit bottom two and a half years ago. Republicans argue that we should reduce the deficit (a disastrous policy); Democrats urge a new stimulus (a necessary step, but not suf- ficient to repair our economy). Missing from “Government is a crappy venture capitalist,” our national discussions about economicwa s how Larry Summers dismissed the Obama revitalization—even in arguments made by administration’s attempts to support clean energy many of the nation’s progressive econo-manufacturing O . thers believe that the decline in mists—is the need to restore a badly dam-manufacturing jobs is not a problem, but rather a aged manufacturing sector. symptom of success. Robert Reich states: “What happened to manufacturing? In two words: higher This idea—supporting manufacturing productivity H .” e argues that manufacturing through an industrial policy—has always had output is strong, but it requires fewer workers to powerful enemies. Opposition from conservatives produce it. As Austan Goolsbee—former head is
Journal
New Labor Forum – SAGE
Published: Oct 1, 2012