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How America Could Collapse

Scarce domestic manufacturing leaves the United States highly vulnerable to accidents and problems abroad.

August 11, 2011

The following article first appeared on the Web site of The Nation. For more great content from the Nation, sign up for its e-mail newsletters here.

A few months ago, a friend in the entertainment industry told me of a new business model in Hollywood: hoarding videotapes. Apparently, the earthquake in Japan knocked offline a Sony factory that makes certain types of tape. That factory was also in the tsunami zone, so now there’s a serious tape shortage threatening the television industry. The NBA scrambled to get enough tape to broadcast the NBA finals; one executive told the Hollywood Reporter, “It’s like a bank run.”

Continue to read:
http://www.alternet.org/story/151997/how_america_could_collapse/

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