Why are products made in the USA more expensive compared to stuf

Q: Why are products made in the USA more expensive compared to stuff made in other countries?

A:

The manufacturing cost is driven up by labor costs. The labor cost is driven up by living costs. The living cost is driven up by financial services. For example, half of the healthcare costs go to hospitals and medicines, and the other half goes to insurance. Another example, in the use of the lifetime of a car, half of the costs go to manufacturing, maintenance, and sales, and the other half goes to insurance. Another example, a significant portion of housing costs is to pay the interest on the mortgage. The household expenses may have 3% go to credit card companies.

The financial industry used to serve the real economy, but now it has turned around. Today, it is the real economy that serves the financial industry. We call this phenomenon tail wag the dog. The financial industry used to profit from the spread of interests, turning household savings into profitable investments. Today, the financial industry makes a profit from service charges and marketing for consumer loans. As a result, the financial industry is in a hegemonic position, creating a monopoly surplus profit. The economic monopoly is the by-product of the Dollar hegemony in the world economy.

The hegemonic position of the Dollar is supported by the military-industrial complex, making wars, tensions, and choices in the world to drive capital back to the US. And every transaction of a Dollar will pay interest and service fees to Wall Street. And all the speculation in the stock market, with a colossal amount of speculative capital in the world, to assassinating other countries’ economies for the profit of Wall Street.

The US has absolute power financially and militarily, and the absolute power corrupts absolutely. That’s why made in the USA is so expensive. If it can harvest wealth from the globe, why bother to make manufacturing effective? The dollar hegemony can make a profit by white-collar laborers, who want blue-collar jobs. The US has a retail industry larger than the manufacturing industry. The economy of the empire is busy making rules, interpreting rules, enforcing rules, and changing rules. It is busy distributing wealth, not creating wealth. That’s why the US has a service industry larger than other countries: accounting, legal, retail, and financial services. The US is heavily active in distributing wealth, not creating wealth.