There has been a clear transformation taking place within the American economy for quite some time, but most dramatically in the 21st century.
The story centers around industry. Creators of the infographic posted below worked with InetSoft, as well as data obtained from the U.S. Department of Commerce, Bureau of Economic Analysis to look at the shift in percentage of U.S. GDP as made up by various industries over the first decade.
Their numbers and conclusions, at least in terms of statistical relevance, seem to reveal the impact that increasing centralized government control has had on the economic fabric of America.
This infographic further echoes what many independent economists and analysts have noted: there is demonstrable evidence showing how America’s foundation of entrepreneurial independence has been eroded by creeping bureaucracy and collectivism.
As infographic creators note:
Looking at the data, some interesting trends emerged. Among them were the fact that U.S. manufacturing accounted for 14.2% of the GDP in the year 2000. By 2011 manufacturing had declined to the point that it only represented 11.5% of the GDP.
Based on estimates of a $15 trillion dollar GDP in 2011, manufacturing would have created an extra $404 billion dollars, they conclude. Where did this money go? Into the government sector:
Conversely, some sectors of U.S. Industry represent a much larger share of the GDP now than they did in 2011. Among them are government (up 1% or $149 billion dollars) and educational/healthcare/social services (up 1.9% or $284 billion dollars).
We can see it here:
© 2012 InetSoft Technology Corp.
The conclusion is inescapable: the changes noted above have not improved the overall economic condition of America, they have imperiled it. This, coupled with the massive looting that has taken place by the shadow banking system colluding with government is sending future generations on a path toward indentured servitude.
The Bureau of Labor Statistics Overview of the 2008-2018 Projections shows that since government has now co-opted health care, finance, insurance, and information, it will hold fully 30% of all future employment growth, far outweighing any private sector.
When the number one growth industry is government, it is likely to lead to a place very far away from what the the founding fathers of the country had in mind.
Please view the video below to see how things end if not immediately corrected:
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