From the article:
Detroit was the arsenal of democracy in World War II and the incubator of the American middle class. It was the city that taught mass production to the rest of the world. It was a place that made cars, trucks and other tangible products, not derivatives.I can hear my friends on the right now: government should not be picking winners and losers, BUT we need a industrial policy in this country that promotes making things here over shipping jobs and manufacturing expertise overseas. Perhaps we can start by NOT giving corporations tax breaks to open up shop in foreign countries. Give us something to keep, and create, jobs here.
“We’ve been living with the illusion that manufacturing — making things — is so 20th century,” said Mr. Shaiken, “and that we could succeed by concentrating, for example, on complex financial instruments while abandoning the industrial base that sustained so many American families.”