Fracking, robotics, and nanotechnology are poised to transform the industrial sector.
Hardly a day goes by without an article predicting, lamenting, or celebrating America’s decline. The turmoil in Crimea and Syria, the polarized and frequently gridlocked U.S. political system, the deepening income and wealth inequalities in the United States, and the growing clout of rivals like China and Russia are all offered as proof of waning American power.
These weaknesses surely exist, and some—like mounting economic inequality—are truly alarming. But the doomsayers often fail to see the ways in which America is gaining rather than losing global influence. And nowhere is this truer than the manufacturing sector. The combination of lower energy prices, innovative information technologies, and advances in robotics and materials science are powering a manufacturing revolution that will reinvigorate the U.S. economy and make many of its industrial sectors the most competitive in the world.