RE: It's been a tough road, but it may actually work out.

We've been through this before. The vast majority of people used to be farmers, now fewer than 2% of Americans are. We used to pretty much supply raw materials to Britain, and eventually our own manufacturing capacity blossomed and was able to compete against the Anglo juggernaut.

I think our manufacturing economy is another phase of this process and that we will move on to greener pastures, even as the Chinese, Indonesians, Malaysians, Vietnamese, and many African nations go through it too. The real trick of it I think is managing the pace so that we don't terminally leave anyone behind. I also think you are correct in that now with the falling dollar, the Chinese cheap products aren't looking quite as competitive. Their people are going to start evolving up the chain as well as their wages and standard of living goes up. And remember, there are always jobs you can't outsource, and you can't sell things to people who are destitute.

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