America Has Not Deindustrialized

Source: Cafe Hayek
by Don Boudreaux

“Stephanie Slade masterfully defends classical liberalism and free-market conservatism from the fusion of confusion with authoritarianism that is national conservatism (‘The Rise of Right-Progressivism,’ June 2023). But she mistakenly concedes to the NatCons their claim that America has become deindustrialized. Despite incessant assertions to the contrary, America emphatically has not become deindustrialized. Industrial capacity in the United States rose steadily over the past few decades and hit an all-time high in December 2016. Despite covid, it has stayed quite close to that level ever since. In April 2023 it is only one percent lower than its all-time high. Not surprisingly, therefore, American industrial production has also risen steadily over the past few decades, hitting an all-time high in September 2018.” (05/23/24)