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Except not, because the US does not have any capital plant left that's worth shit, outside the armaments industry.

That's not quite true. US industry is employing less and less, and has abandoned some sectors, but its output has never been higher, when measured in the value of the goods produced. I'm not sure it would be so hard to rebuild, if a war-type effort were put into it.

Wind power

by Jerome a Paris (etg@eurotrib.com) on Thu Jul 22nd, 2010 at 08:55:10 PM EST
[ Parent ]
And the existing US capital plant is currently operating at less than 70% capacity, IIRCC.  

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Jul 22nd, 2010 at 10:21:25 PM EST
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