--- title: "Meaning & Key Takeaway of: From the 1970s, there has been a…" description: "\"From the 1970s, there has been a significant change in the US economy, as planners, private and state, shifted it toward financialization and the offsh..." image: "https://sms4smile.com/quotes/i/783/noam-chomsky-42_been_from-the-1970s-there-has-been-a-signific_303284.jpg" --- # From the 1970s, there has been a significant change in the… ![“From the 1970s, there has been a significant change in the US economy, as planners, private and state, shifted it toward financialization and the offshoring of production, driven in part by the declining rate of profit in domestic manufacturing.” quote by Noam Chomsky](https://sms4smile.com/quotes/i/783/noam-chomsky-42_been_from-the-1970s-there-has-been-a-signific_303284.jpg) [Download](https://sms4smile.com/quotes/i/783/noam-chomsky-42_been_from-the-1970s-there-has-been-a-signific_303284.jpg) [Open image](https://sms4smile.com/quotes/i/783/noam-chomsky-42_been_from-the-1970s-there-has-been-a-signific_303284.jpg) > “From the 1970s, there has been a significant change in the US economy, as planners, private and state, shifted it toward financialization and the offshoring of production, driven in part by the declining rate of profit in domestic manufacturing.” [Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The US shifted toward finance and offshoring as profits fell in manufacturing. **In simple terms:** US moved to finance and offshoring due to falling factory profits. Key Takeaway Recognize impacts of financialization. Themes economics globalization labor policy Mood analytical critical Type academic policy When to use this quote - policy debates - academic lectures - media commentary Key Concepts financialization offshoring profit rates industrial decline Questions to Reflect On - What alternatives could revive domestic production? - How does financialization affect workers? 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