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Seems like the loss of key industries is all but a foregone conclusion at this point. Example: EVs. US has lagged behind so much in this while China has got to
by nebula8804 5y ago
Seems like the loss of key industries is all but a foregone conclusion at this point.
Example: EVs. US has lagged behind so much in this while China has got tons of EV companies that are about to launch in the US. Sure the US could ban them, the next day China will ban US auto companies and seize their factories. How will the big three survive losing the Chinese market? Isn't that the only major growth market? They will be forced to open up to the Chinese makers. Have you seen their cars? They seem very competitive. Only people who won't consider them are the towns being supported by auto jobs and the "rural" MURICA folks. Everyone else will eat them up.
Repeat this for many other industries. I don't see how we can turn around from where we are at this point.
- hunglee2 5y agolike the analysis but I disagree somewhat. Taken to extreme, de-coupling with force repatriation of supply chain either directly to the US or to US controlled / US influenced countries. Also, developments new material science, 4D printing, hydroponic farming etc will reduce the dependency on the necessity of trade - which is fundamentally about the acquisition of resources which you could not provide for yourself. The course for a de-coupled future is probably set; the challenge for humanity is: are we able to co-exist without interdependence?