Thursday, September 3, 2009

The rise of 'scarcity industrialism'

As if things couldn't get worse for the U.S., which hopes 'green jobs' will restore it's industrial core, here's the truth: We haven't got the resource base to do this.

China supplies most of the world's rare earth minerals that makes much of high-tech possible. They've been selling most of their output to us, but that's about to change.

This article is a bit long, but well worth the trouble to read in it's entirety.

It sucks to be us....

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