What gets me is this country used to be the King of Steel. We have let this fade away as we have many of our industries that created real wealth. When ore is turned into iron, real increase in value occurs. When the iron ingot is used to make a steel billet again real value is added. When that billet is rolled into sheet, plate, angle or what have you, real value and wealth is created. So much of this country's economy is now based on quick profit and paper wealth and the precieved increase in that papers value.
That and the fact pointed out by the black smith that showed me how to use forge, hammer and anvil. Through out history the country that has been on top has been the ones that had the best metal technology. This allowed them the luxury of building and educating. We gained our spot in WWII when we had to produce the steel, the planes, the ships, the tanks, the guns and etc. Then we rode out our glory and failed to keep up. Now the best steels come from other places and places like China and India dominate the common steel market and are paving the way to be the top dogs in the world as our quality steel industry declines and our structural steel production is on its last legs.
Our steel industry, auto industry and so many more were created by men of vision that looked to the future. Now the are run by accountants and "business" managers who "maximize profits" and worry more about the next 6 months and their bonuses and could care less about what happens in 5 years and look where they all are now.