It's a microcosm of the deindustrialization of the US as a whole. A manufacturing and export powerhouse, which financialized by outsourcing production to save o

It's a microcosm of the deindustrialization of the US as a whole. A manufacturing and export powerhouse, which financialized by outsourcing production to save on labor & currency arbitrage, accruing profits to multi-national corporations and wall street while the productive capacity within the nation was hollowed out, and labor wages stagnated. Over time lack of domestic supply chain becomes and security and economic stability problem, and domestic inflation rises after trade deficits grow too large, and various supply shocks occur etc.