Does the US Still Have an Economy?

Paul Craig Roberts- People want to know where the economy is headed. What they should be asking is does the US still have an economy? My answer is no, it doesn’t. I will explain why.

People want to know where the economy is headed.  What they should be asking is does the US still have an economy?  My answer is no, it doesn’t.  I will explain why.

For a quarter century I have pointed out the destructive effect of moving American investment and jobs to China and other points abroad.  Offshoring served the interests of corporate executives and shareholders. The lower labor costs raised profits and, thereby, executive bonuses and the prices of the stocks, resulting in capital gains for shareholders.

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https://thealtworld.com/paul_craig_roberts/does-the-us-still-have-an-economy