That's true most people are surprised to learn this but measured in the value of the goods manufactured the US was the worlds largest manufacture for over 100 y

That's true most people are surprised to learn this but measured in the value of the goods manufactured the US was the worlds largest manufacture for over 100 years until around 2010 then China edged ahead. The US manufactures a lot more high value items where as China dominates the cheap junk category. Same way that Apple has all the smart phone profits even though they don't dominate the smart phone market on a number of units sold basis. http://www.economist.com/blogs/theworldin2011/2010/12/china_overtakes_america_first_all_manufacturing_0 http://www.economist.com/blogs/theworldin2011/2010/12/china_...