Plants like this one in Jamaica Plain, Massachusetts that employed thousands of workers and support staff are now empty.
What happened here? The Oligarchs made a decision that the middle class was not as important as accumulating more wealth than they or their heirs would ever be able to spend. So they spent millions of dollars lobbying for NAFTA and the ability of owners to establish factories overseas for a fraction of the cost, none of the environmental penalties, tax breaks, and near-slave wages. Once that had been achieved and they had exponentially increased their revenue, power became the cocaine of choice for the ultra-rich and the accumulation of power to buy the American political process was the next "I have more than you" cocktail party line and to prove it they bought the American political process, lobbied to pass even more destructive legislation (for the middle class) and moved all manufacturing jobs overseas that they possibly could. The least money paid and the most profit earned became the bragging rights of the ultras. The American people were turned into chattel - expendable like just another piece of machinery, thrown into the wall of financial fire like Pickett's Charge without consciousness or morality. Only money and power are important to the Oligarchs. Even the known fascist Henry Ford wanted his employees to make enough money to be able to buy the products they made. No More.They no longer care about the American worker. They have moved their sights to overseas, expanding markets whose workers take raw materials usually exported from "developed" countries like the U.S. then they actually "build things" that add value then sell them back to people who have the money to buy their products - i.e. the local people who are making money working in manufacturing or the rich Oligarchs in the US. American buying power has stagnated since the 70's, the ordinary American no longer has a chance to earn a living wage without a college degree, (and even that is no guarantee) and our economy shows no signs of recovering. We no longer have the economic muscle to exert any power over foreign markets and curtail currency manipulation so the emerging markets are having their way with us. But you already know all this.
For the one millionth time - we need to make things here at home with our own raw materials, add value, pay workers, tariff the shit out of anything imported and bring back manufacturing so the many, many people in this country without a college degree can make a living wage.
OK Doc - I'm done... BP still within acceptable range.