This is the piece of the story I was missing! I always wonder how East Baltimore and Brooklyn Park and places like that got to be the way they are…and this is one of the missing pieces of the story! Thank you guys so much. This is such important history to understand. It also helps to explain Dundalk and Glen Burnie. 30000 people plus another 6000 at the ancillary businesses is a huge workforce to be idled. Those communities were no doubt largely built on these huge employers and now people are working at the airport and at Under Armour warehouses (if they are lucky) for a fraction of the pay.
6:12 The problem here is, in China's case, it didn't just use 'public money' to invest in new technology. The State apparatus in China literally runs the steel industry there. It's a do-work scenario where the government uses it as an easy way to give people jobs who would otherwise have no way to sell their labor at all. It's really akin to our defense industry here in the States if our defense industry was exclusively interested in giving random low and medium skilled people jobs just to keep them busy. They literally still have steam power pulling on their narrow gauge industrial rails. Steam...pulling stuff like coal for coking operations. It's do-work busy work. The sad side effect is it absolutely floods the entire world with extra product.
buffalo ny has a similar steel making history and they have done exactly as he describes. trying to turn it into some kind of tourist destination. low paying jobs, he hit the nail on the head. unless we get some REAL manufacturing base back the area will never prosper ever again.
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This is the piece of the story I was missing! I always wonder how East Baltimore and Brooklyn Park and places like that got to be the way they are…and this is one of the missing pieces of the story! Thank you guys so much. This is such important history to understand. It also helps to explain Dundalk and Glen Burnie. 30000 people plus another 6000 at the ancillary businesses is a huge workforce to be idled. Those communities were no doubt largely built on these huge employers and now people are working at the airport and at Under Armour warehouses (if they are lucky) for a fraction of the pay.
6:12 The problem here is, in China's case, it didn't just use 'public money' to invest in new technology. The State apparatus in China literally runs the steel industry there. It's a do-work scenario where the government uses it as an easy way to give people jobs who would otherwise have no way to sell their labor at all. It's really akin to our defense industry here in the States if our defense industry was exclusively interested in giving random low and medium skilled people jobs just to keep them busy. They literally still have steam power pulling on their narrow gauge industrial rails. Steam...pulling stuff like coal for coking operations. It's do-work busy work. The sad side effect is it absolutely floods the entire world with extra product.
in America the our traitors who for pocket linings and perversions made those treasonous "trade agreements" against America and Americans! demrinos!
Rather abrupt ending, seems a bit like "thanks, don't let the door hit you on your way out" haha
buffalo ny has a similar steel making history and they have done exactly as he describes. trying to turn it into some kind of tourist destination. low paying jobs, he hit the nail on the head. unless we get some REAL manufacturing base back the area will never prosper ever again.
What do u think of your union now? I lost my union job because of the union. Uswa
What in the world did 30,000 people do in this plant?
Said the same about heat treat Dept? but I did
Reinvestment in new methods, processes & equipment never happened ? Why not ? What about our culture let this innovation not happen ?
Now.Mittal.has.it.need.to.reopen.it.now!