Sunday, December 26, 2010

We Need to Make Things

Though I hate to end the year on a depressing note, Nick Carey of Reuters wrote a heck of a story about the interlocking effects the collapse of American manufacturing, the fallacy of financial sector growth, the ineffectiveness of the education system, and the current political impotence have had and will continue to have on the economy.

And while I'm on the subject of the economy, I highly recommend the "Toxie" episode of This American Life, wherein some reporters buy one of the now-infamous toxic assets and use it to explore the financial crisis.  It's an utterly fascinating account and some great reporting.  Heck, This American Life has been doing great reporting on financial stuff for a while now, including "Return To The Giant Pool of Money," and "Inside Job."  Not to mention "NUMMI," exploring how GM failed to learn lessons from Toyota, or "More Is Less" and "Someone Else's Money" looking at the health care system.

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