If your definition of "informed" is that ALL social/economic problems are raced based it is. Steve M. post #4 is much more in keeping with the historical facts.
The American industries were just destroyed by one single American, who knew very well how to teach Japanese using statistical analytics for their future Japanese products to meet customers' needs statistically, while the American industries always believed and still firmly believe they have better and smarter answers and ways than this visionary American guy - Deming! And, probably also many governments, too! Deming, W. Edwards (2000). The New Economics for Industry, Government, Education (2nd ed.). MIT Press. ISBN 0-262-54116-5. OCLC 44162616.
When China can set up and has demonstrated highly effective and successful various Special Economic Zone (SEZ) models, why the US cannot try and do the same for some import-substitution industries/products by lowering minimum wages (say by 50%) within the SZEs, while people working in SZEs can enjoy relatively lower living standards. (Or actually enjoying better living style in reality!) At least, through this way of SEZs, all the citizens living in and around the zones (or travelling to the zones for work on weekdays) would have jobs to do, while the businesses operating in the zone would maintain minimal profits for growth. Much better than nothing - No jobs, No investment opportunities, no competitive businesses, no energetic life through quietly awaiting government's grace to help them individually! Theoretically, the cars made in SEZs could be selling almost 30%-50% cheaper if people individually go to the zones buy from makers directly without channelling any required middle man locally unless they want to for saving time and better after-sale service. That kind of schemes would be not impossible to implement with adequate laws installed! LOL
Alternatively, the current model is set up more and more Overseas War Zones (OWZs), perhaps. LOL In order to maintain a reasonably low employment rate, through more overseas war-related deployment as well as arms manufacturing jobs locally, and arms exporting business internationally. Not really a healthy or reasonable model at all! The costs for serving veterans are high for the future governments. Paying to war specialists firms has been proven also very high (see below chart). An extremely expensive and unsustainable model at all! LOL " Trust deficit undermines Donald Trump's Afghanistan speech " August 22 2017 http://www.theage.com.au/world/trus...rumps-afghanistan-speech-20170822-gy1g1k.html
You're looking at the great recession and the effect of Greenspan's zombie economics -- the thoroughly Republican idea that if you don't do anything the "market" will spontaneously resolve the problems it creates.
sooo.... it seems like Blacks moved in, jobs moved out, Blacks rioted and burned the place, two million skilled White people moved out, only Democrats were left so they did their insanity stuff for a few decades and the place became a really insane shithole...