If any of that were true, we'd have seen it in the old-line industries sales growth during the last five years. That hasn't been the case at all (and wasn't pri

If any of that were true, we'd have seen it in the old-line industries sales growth during the last five years. That hasn't been the case at all (and wasn't prior to Covid either). Global growth is not going to accelerate in some great way this decade, it's going to be mediocre as China struggles mightily with growth and debt, among other serious problems. Japan, Germany, Britain, France will all remain stagnant (as they have for most of the past decade plus net). Other Asia will produce growth, but there's no guarantee US industrials will have great access to that growth; if those countries (eg Vietnam, Indonesia, India, etc) are smart, they'll pull a China and favor their own domestic context as they grow (which India already does quite a bit of for its part). > Untold numbers of people in the third world are rapidly approaching middle-class status, buying fridges and cars and so on Not made in America fridges or cars. Those fridges won't likely be made by US companies in Asia, either. Not cars made by GM or Ford (trucks actually, as they hardly make cars these days). And those relatively poor global median consumers can't afford Teslas (now or in 20 years). And those emerging consumers aren't buying $45,000 US trucks either. The best case scenario for old US industry is to tread water, to not lose ground while sparring with China and all the other emerging market companies. Most of the major emerging markets are going to come up ready to fight with their own champions, as China has (although not as potently as they've done it). The US old-line companies are at risk of getting their collective head punched in as a lot of new companies come up out of emerging markets looking to dethrone them. Mid-tier manufacturing will plausibly see a huge threat from emerging market companies pushing up the value chain, while high-tier manufacturing is absolutely going to take a direct assault from China (Boeing, Deere, autos, semiconductors, et al.). As it pertains to the US, the only type of company I'd be interested in being over the next decade, is a tech company with (ideally) global use potential. Everything else is largely going to suck big time, either due to pricing power problems with USD erosion domestically (constant battle there), or intense competition problems overseas (and or market access problems in locations like China). An extra aside: along with particularly not wanting to be Boeing this decade, I wouldn't want to be Starbucks (just wait until you see what China does to them).