The Rise and Fall of American Business Culture

On the evidence presented here, one enormous problem facing our neighbour is a serious malaise in its manufacturing sector. No longer competitive in the world market, forced to buy more than it can sell, the United States nevertheless continues to bask in the glow of past glories rather than face its current problems head-on. It plans not; neither does it save. Leaning on economic theories that, some say, may never have had much validity, the United States borrows for its inflated needs while watching its rust belt expand. Meanwhile, Japan and other Pacific Rim countries are gaining economic ground that may never be reclaimed. Part one of the series Reckoning: The Political Economy of Canada.