Mises Wire
Author:
Thomas J. DiLorenzo
Online Publish Date:
The “Big Three” auto makers, for instance, may wish to monopolize the automobile market, but they are unable to because of foreign competition. About 75 per cent of have claimed that the U.S. economy is “deindustrializing” because of the alleged failure of American manufacturers to compete on international markets. But the deindustrialization theory is a hoax. Manufacturing output as a