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China is about to collapse. Globalism is unwinding. The US will be doubling our manufacturing base in the next decade to take up the slack.
by mikewarot 4y ago
China is about to collapse. Globalism is unwinding. The US will be doubling our manufacturing base in the next decade to take up the slack.
- krapp 4y agoWhat makes you think there will be slack to take up? We're heading into a recession-maybe-depression and collapse of the global ecosystem. We're going to lose generations of knowledge due to population decline and bit-rot. There probably won't be a "manufacturing superpower" after China because maintaining coherent societies at that scale, without the food, technology, education and infrastructure necessary to underpin it, will no longer be possible.
- mikewarot 4y agoThere will be things no longer available as China effectively vanishes from global trade. Apple will have to completely rebuild their production lines, for example. There are many things that have inelastic demand, and are required to keep the rest of the supply chains going, such as machine tool production, etc. My home state of Indiana is making more pig iron than ever before, helping to fill in the missing supplies that used to come from Russia, for example. Someone was on the ball and forecast things correctly, and started building this stuff a decade ago.