Storm clouds gather over an abandoned Brooklyn shipyard representing American deindustrialization.

Going Broke: Veterans of a Post-American Economy

What do an aircraft engine falling to pieces in mid air and a cruise ship crankcase splitting open and erupting into flames have in common? More evidence of globalization gone bad.

The Man Who Foretold Our Economic Fate

Over the past 40-some years the U.S. economy has become largely service based. At more than $40 trillion in debt with about $1T added every 100 days, it's instructive to look back on how many earlier financial warnings we ignored.