As an non-American, looking from the outside, I find Detroit's saga incredibly sad and a little strange. When I was a kid, Detroit was a symbol of US industry and engineering. All those huge muscle cars. That kind of Mad Max Road Warrior attitude (yeah, I know that's Aussie, but that same attitude). Now it's a symbol of US decline, I think. It's strange to me that the USA let this happen, or that it didn't have the p…
I don't think it would offend, Americans are the first to bemoan what happened to Detroit as far as I have seen. What will probably offend more is the fact that the USA is not really in decline, as much as that has long been the highbrow narrative. https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?location... https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?location... It has lost ground in some industries, it h…
What does this mean? That Australia is self-sufficient in food and energy but exports all of it or does it mean Australia is incapable of processing the raw materials into finished goods?