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Re: another bailout, yarrr!
Quote:
Originally Posted by John Drake
I have to agree. I always heard steel was one of those messy and resource hungry industries which our "post-industrial" economy was shipping overseas in favor of producing information and services. As I understand, most American steel production now is in "mini-mills", plants which produce quantities of a thousand tons or so of high quality special purpose metal made from scrap, and we leave the million ton runs to Mitanni, which is why every manhole cover you see has "Made in India" emblazoned proudly on its galvanized surface.
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high end metals are the only way to make money in the US. same with most sorts of manufacture.
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"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."
Ayn Rand
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