Michael Snyder: The truth about Deindustrialization of America

Important Takeaways:

  • The United States is rapidly becoming a “post-industrial” nation. All great economic empires eventually become fat and lazy and squander the great wealth that their forefathers left them, but the pace at which America is doing this is absolutely breathtaking…
  • Throughout history, every great nation has been great at making things. So if the United States continues to allow its manufacturing base to erode at a staggering pace, how in the world can the U.S. continue to consider itself to be a great nation?
  • #1 According to Google AI, our nation has lost almost 70,000 factories since the year 2000…
    • The United States has lost nearly 70,000 factories since 2000. This is part of a larger decline in the US manufacturing sector that has also resulted in the loss of over 5 million jobs.
  • #2 In July 1979, 19.5 million Americans had manufacturing jobs. Today, only 12.8 million Americans have manufacturing jobs even though our population is much larger than it was in 1979.
  • #3 According to a survey that was recently conducted by the Pew Research Center, 59 percent of Americans believe that the U.S. has lot more than it has gained from free trade.
  • #4 In 1959, manufacturing represented 28 percent of all U.S. economic output. At the beginning of the Great Recession in 2008, manufacturing represented only 11.5 percent of all U.S. economic output.  Today, manufacturing represents just 10.3 percent of all U.S. economic output.
  • #5 More than a billion cellphones are sold worldwide each year. Only a few thousand of them are actually manufactured in the United States.
  • #6 The size of our trade deficit with China in 2024 was $295,000,000,000.
  • #7 At this point, China produces approximately 4 times as many vehicles each year than the United States does.
  • #8 In the early days of the industry, 100 percent of all semiconductors were manufactured in the United States. Today, that number is down to just 8 percent.
  • #9 Russia is producing three times as many artillery shells as the U.S. and Europe combined.
  • #10 The United States spends approximately $3.00 on Chinese goods for every $1 that the Chinese spend on goods from the United States.
  • #11 Our stores are absolutely overflowing with products that are made in China. Meanwhile, soybeans are the number one export from the U.S. to China.
  • #12 More than 36 million Americans are now living in poverty, homelessness in the U.S. is at an all-time record high, and demand at food banks in the U.S. is at record levels all over the nation.
  • How many more trillions of dollars are going to leave this country before we realize that we are losing wealth at a pace that is killing our economy?
  • How many once great manufacturing cities like Gary, Indiana and Youngstown, Ohio are going to become rotting, decaying hellholes before we understand that we are committing national economic suicide?
  • The deindustrialization of America is a national crisis. It needs to be treated like one.

Read the original article by clicking here.

In quake-prone Japan, attention shifts to flood risks as heavy rains increase

FILE PHOTO: The staff of metropolitan outer floodway management office looks around a pressure-adjusting water tank, part of an underground water discharge tunnel which was constructed to protect Tokyo and its suburb areas against floodwaters and overflow of the city's major waterways and rivers during heavy rain and typhoon seasons, at the facility in Kasukabe, north of Tokyo, Japan August 29, 2018. REUTERS/Toru Hanai

By Kiyoshi Takenaka

TOKYO (Reuters) – Japanese have long been conditioned to prepare for earthquakes, but recent powerful typhoons and sudden, heavy rains have brought to the forefront another kind of disaster: flooding.

Experts warn that thousands could die and as many as 5 million people would need to be evacuated if massive dikes and levees in low-lying eastern Tokyo are overwhelmed by surging floodwaters.

The cities of Osaka and Nagoya also face flood risks, experts say, amid an increase in sudden heavy rainfall across the country in recent years, a symptom linked to global warming.

“Japan’s major metropolitan areas are, in a way, in a state of national crisis,” said Toshitaka Katada, a professor of disaster engineering at the University of Tokyo.

In July, parts of western Japan were deluged with more than 1,000 millimeters (39 inches) of torrential rain. Gushing water broke levees and landslides destroyed houses, killing more than 200 people in the country’s worst weather disaster in 36 years.

“If this happened to Tokyo, the city would suffer catastrophic damage,” said Nobuyuki Tsuchiya, director of the Japan Riverfront Research Center and author of the book “Capital Submerged,” which urges steps to protect the city, which will host the 2020 Olympics and Rugby World Cup games next year.

Particularly vulnerable are the 1.5 million people who live below sea level in Tokyo, near the Arakawa River, which runs through the eastern part of the city.

In June, the Japan Society of Civil Engineers estimated that massive flooding in the area would kill more than 2,000 people and cause 62 trillion yen ($550 billion) in damage.

Experts could not say how likely that scenario was. But in recent years, the government has bolstered the city’s water defenses by building dams, reservoirs and levees.

But the pace of construction is too slow, said Satoshi Fujii, a special adviser to Prime Minister Shinzo Abe who is known for pushing big infrastructure projects.

“They need to be taken care of as soon as possible,” he told Reuters.

John Coates, chairman of the International Olympic Committee’s coordination commission for the Tokyo 2020 Games, said the city should “take into account the potential for some of these disasters that seem to beset your country.”

In tacit acknowledgement that more needs to be done, the transport ministry late last month asked the finance ministry for 527 billion yen for levee reinforcement and evacuation preparation in next year’s budget. That’s a third more than the current year.

SURROUNDED BY WATER

Tokyo was last hit by major flooding in 1947, when Typhoon Kathleen inundated large swaths of the city and killed more than 1,000 people across Japan.

A survivor from that disaster, 82-year-old Eikyu Nakagawa, recalled living on the roof of his one-story house with his father for three weeks, surrounded by water. He remembered a pregnant woman who had taken refuge in a two-story house next door.

FILE PHOTO: Eikyu Nakagawa talks about flood preparation on a bank along the Nakagawa River near his house during an interview with Reuters in Tokyo, Japan August 24, 2018. REUTERS/Kim Kyung-Hoon

FILE PHOTO: Eikyu Nakagawa talks about flood preparation on a bank along the Nakagawa River near his house during an interview with Reuters in Tokyo, Japan August 24, 2018. REUTERS/Kim Kyung-Hoon

“The baby could come any minute, but we could not bring a midwife to her or take her to a doctor,” he said. “I was just a kid, but I lost sleep worrying that she might die.”

A similar disaster today would be much worse, Nakagawa predicted, because the area around his house in Tokyo’s eastern Katsushika ward, once surrounded by rice paddies, is now packed with buildings.

“It’s going to be terrible,” he said. “Now it’s so crowded with houses. Little can be done if water comes.”

Intense rainfall is on the upswing across Japan. Downpours of more than 80 millimeters in an hour happened 18 times a year on average over the 10 years through 2017, up from 11 times between 1976-85.

Warming global temperatures contribute to these bouts of extreme weather, scientists say.

“Higher ocean temperatures cause more moisture to get sucked up into the air,” said University of Tokyo’s Katada. “That means a very large amount of rain falling at once, and typhoons are more likely to grow stronger.”

Just last week, western Japan was battered by Typhoon Jebi, the strongest typhoon to make landfall in 25 years, which killed at least 13 people and inundating the region’s biggest international airport.

FILE PHOTO: Residents of Tokyo's Katsushika ward show a floating boat which they keep for a possible flood in Tokyo, Japan August 24, 2018. REUTERS/Kim Kyung-Hoon

FILE PHOTO: Residents of Tokyo’s Katsushika ward show a floating boat which they keep for a possible flood in Tokyo, Japan August 24, 2018. REUTERS/Kim Kyung-Hoon

EVACUATION NIGHTMARE

In late August, five low-lying wards in Tokyo jointly unveiled hazard maps outlining areas at high risk of flooding, and warned that up to 2.5 million residents may need to evacuate in case of a major disaster.

The maps, which will be available to residents online and via hard copy, show how deep floodwater would likely be for each area, and how long each area would remain underwater.

But such maps were largely ignored during the deadly flooding in western Japan in July.

If a disaster hits during weekday working hours, the number of evacuees could swell to 5 million, including those from neighboring wards, says Tsuchiya – a logistical nightmare. Tokyo prefecture has grown to 14 million people, with millions more in surrounding areas.

Abe’s ruling Liberal Democratic Party has called for a new ministry that would focus on disaster prevention and recovery. Currently that is overseen by the Cabinet Office, which handles other disparate tasks such as laying out basic fiscal policy and nurturing technological innovation.

Companies also are waking up to the danger of floods, said Tomohisa Sashida, senior principal consultant at Tokio Marine & Nichido Risk Consulting.

“We have been often approached for quake-related business continuity plans.” he said. “But now they realize they need to keep flood risks in mind and flood-related consultations are certainly on the rise.”

(Reporting by Kiyoshi Takenaka and Kwiyeon Ha; Editing by Malcolm Foster and Gerry Doyle)