Vanishing US Industry: Some Straight Talk

[Dave Farber <dave () farber net>]

Begin forwarded message:

> From: Stephen Unger <unger () cs columbia edu>
> Date: July 4, 2010 5:09:42 PM EDT
> To: Dave Farber <dave () farber net>
> Subject: Vanishing US Industry: Some Straight Talk

> Dave,
>
> Here is a possible item for ip.
>
> Steve
> ............
>
> In a cogent Bloomberg Opinion piece (see below), Andy Grove, a
> principal founder, and long-time CEO, of INTEL, explains how the US is
> well along a path to economic disaster as a result of the dismantling
> of our manufacturing base. Grove is not handcuffed by ideology. He is
> not afraid of the idea of using our government to protect our economy.
>
> He points out the success achieved in Asia via "the effective
> involvement of the government in targeting the growth of manufacturing
> industries". One of his suggestions is to protect (a dirty word
> according to conventional economists) US jobs by, among other things,
> levying "an extra tax on the product of offshored labor", and using
> the proceeds to subsidize the expansion of production facilities in
> the US.
>
> It is gratifying that a man in his position is speaking out forcefully
> on this critical issue. Of course it would have been even better if he
> had done so a decade or more ago, when the process that INTEL played a
> large role in would have been easier to stop and reverse. But, better
> late than never. Grove's article buttresses much of what I wrote
> nearly three years ago in a broader treatment of the subject.
>
> http://www.bloomberg.com/news/2010-07-01/how-to-make-an-american-job-before-it-s-too-late-andy-grove.html
>
> http://www1.cs.columbia.edu/~unger/articles/jobs.
>
> Steve
> ......
> Stephen H. Unger
> Professor Emeritus
> Computer Science and Electrical Engineering
> Columbia University
> ............



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