i believe that, back in the '80s and '90s, "visionary" economists and politicians saw that US manufacturing was facing a lot of challenges, so they imagined a n

i believe that, back in the '80s and '90s, "visionary" economists and politicians saw that US manufacturing was facing a lot of challenges, so they imagined a new world wherein: 1. the US domestic economy would be based on services that would pay just as well as the old manufacturing industry had in the 50's and 60's 2. the US would be the global leader in the "financial industry" 3. the US would be an "ownership society." US investors would reap hefty profits and substantial income from the parts of the world that were industrializing and developing. but that plan, that vision, has worked rather poorly for the vast majority of US residents.