Richard McCormack

Richard McCormack is editor of Manufacturing & Technology News. He was founding editor of High Performance Computing and Communications Week in 1991 and New Technology Week in 1987.

Recent Articles

The Plight of American Manufacturing

Since 2001, the U.S. has lost 42,400 factories --
and its technical edge.

Something has gone radically wrong with the American economy. A once-robust system of "traditional engineering" -- the invention, design, and manufacture of products -- has been replaced by financial engineering. Without a vibrant manufacturing sector, Wall Street created money it did not have and Americans spent money they did not have. Americans stopped making the products they continued to buy: clothing, computers, consumer electronics, flat-screen TVs, household items, and millions of automobiles. America's economic elite has long argued that the country does not need an industrial base. The economies in states such as California and Michigan that have lost their industrial base, however, belie that claim. Without an industrial base, an increase in consumer spending, which pulled the country out of past recessions, will not put Americans back to work. Without an industrial base, the nation's trade deficit will continue to grow. Without an industrial base, there will be no economic...