The value of railroads is set to increase – and with careful planning, skilled manufacturing here in the USA could be reclaiming market share.
The large asset management firms know this, and in terms of stock management, I bet Michael Travaglini, who handles the state pension plan does too – investing for the long haul successfully requires paying attention to these shifts.
I suggest that successful economic development in our state also should involve looking at where, due to reduced transportation costs, and the weak dollar Massachusetts could regain manufacturing plants and jobs.
At some point, even the plutocrats will wake up to the fact that a balanced economy is ultimately more stable.
A balanced economy combines raw material production, manufacturing, locally managed financial markets and skilled workers.