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Unleashing the Second American Century by Joel Kurtzman

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CHAPTER TWO

THE RICH MAN’S DEPRESSION

The scene has been set for America’s rebound. We can get a better understanding of why this is the case by backing up a few steps—a few years, actually, to the point just before the financial crisis of 2008. I’ve noticed something about the economy at that time that no one else has really talked about: that a number of very positive trends were underway when the disaster hit. Exports were rising, investment in American manufacturing was increasing, and new technologies were under development for taking advantage of our vast, but previously unreachable, reserves of energy. In China, the cost of manufacturing ...

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