U.S. manufacturing sector shrinks for 14th straight month in December
www.marketwatch.com
A closely watched index that measures U.S. manufacturing activity rose by 0.7 percentage point to 47.4 in December, according to the Institute for Supply Management on Wednesday.

This is a good indicator that the real economy is collapsing, and explains why the regime is unable stop neither their recession nor inflation.

  • UraniumGears@lemmygrad.ml
    ·
    10 months ago

    I wonder if the United States were ever to become socialist, if the country would have to undergo a period of re-industrialization just because so much American industry has been outsourced. China's manufacturing prowess in comparison is only going to continue to grow.

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.ml
      ·
      10 months ago

      I expect so, after so many decades of financialization of the economy, a lot of important industries have been moved out of the country. This was a great read on the underlying dynamics incidentally https://americanaffairsjournal.org/2021/08/the-value-of-nothing-capital-versus-growth/