The global economy has created wealth for a lot of people. Because of this, countries that once had extreme poverty, now have better living conditions.
Military strategists and political experts explained that these better conditions would eliminate war. Much like crime and addiction numbers decrease in a good economy.
It’s hard to argue with their theories. Especially when they were marketed so well. In the early 2000s, Warren Buffet appeared on every “24 Hour News” network advising everyone to invest in China.
A lot of American companies moved their manufacturing jobs overseas for cheap labor. The American consumer shopped at Walmart for cheaper goods. This was devastating to the smaller businesses throughout the nation, including Saint Louis County.
As manufacturing overseas increased, the demand for iron ore did as well. American companies now based overseas quickly realized they could get foreign iron ore much cheaper.
A recent article in the Hibbing Tribune points to the consequences of the “Global Economy:”
“It’s the worst shape the $3 billion industry has been in since 2008-2009 when the entire northeastern Minnesota iron ore industry was shuttered due to a surge of unfairly traded steel imports.”
The Iron Range mining industry was making a huge comeback in the last few years. Why is this? The average American voted in a unique politician to represent them in 2016. One who believed that American politicians should put America first. His actions since taking office have brought a wonderful revitalization to the American economy.
We will get back on our feet, and back to work. We will rise again. But, only if we elect officials who represent our interests.