Police State America
Chapter 1-The Rise of the Police State
By Larry Romanoff
Police State America – Volume One free e-book
By the end of the Vietnam war, US corporations were no longer competitive in the world economy and were losing the bulk of their domestic market to imports, leading to de-industrialisation and the large-scale relocation of manufacturing to Asia, primarily China. Since then, the US has experienced large and increasing trade deficits regardless of currency exchange rates or other external conditions. With its military adventures financed entirely on debt, the US also began running increasingly larger budget deficits, with increasingly fewer funds for public programs like social welfare or education, or to maintain or rebuild its already-dilapidated physical infrastructure.
