Actually if you do a little research there's a little more to it than that. We still do have a lot of manufacturing here. One side or the other, to fit their needs at the time, of the political spectrum tries to use that as a club but neither points out just how much manufacturing does actually go on in the US.
It's like with outsourcing. It's been going on for over a century!
And a lot of that occurred not because of corporate greed but because the other industrial nations that were destroyed in WWII finally got back on their industrial feet in the 70's.
Then kick in the Caster/Regan recession? People after that jumped all over buying everything they couldn't afford for so long. They wanted it all and right now. Price point became very important.
As far as Sears goes? Lot of mistakes there. 15, 20 years ago Wal Mart realized that the vast bulk of their shoppers were late middle aged to elderly. Now that's a problem because the customer base is going to die off and people tend to shop wherever they shopped when young adults. So they brought in better fashions in clothing and running better ads. Little face lift in the store? Anything to attract younger shoppers! They jumped on the on lines sails too. But the point is Wal Mart saw that they needed to change their business model and did! Sears totally failed to do that! Sears also failed to police their stores too. My FIL was a big time Sears shopper. Went in for new tires. They sold him new shocks and an alinement too. It was just a day or 2 later the news, nation wide reported that Sears mechanics were selling just that, shocks and an alignment when they were not needed. My FIL looked at me cause I was there and said he really didn't notice any difference in how the car drove or rode after they had worked on it and ask me (I was working as a mechanic at the time) what I thought. I had to admit from what he told me that he most likely didn't need the "extras". He never shopped at Sears again. He didn't know if they sold him unneeded repairs. He just no longer trusted them.
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