Rockford’s problems not unique

Add comment May 13th, 2008

Really, altho we’re focusing on Rockford in this series, the Forest City isn’t all that different from hundreds of cities throughout the nation — not just the Midwest. We are in a fundamental economic shift in the world, in which America will assume a much lesser role in the world economy.

We have all grown up at an unusual time in history, when America has been seen as the world’s essential nation. That increasingly is no longer true, as we’ve sold off our manufacturing industries and are borrowing money from foreign “sovereign funds” to maintain a lifestyle that is unsustainable over the long run.

When a nation doesn’t manufacture, it becomes a colony of the nation’s that do.