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plenty of people have been warning about this for years with regards to the push towards renewable energy and electric cars. China makes 70-80% of the component
by ren_engineer 4y ago
plenty of people have been warning about this for years with regards to the push towards renewable energy and electric cars. China makes 70-80% of the components of solar panels globally.
the idea that manufacturing is somehow low value and "services" are what developed economies should focus on is one of the dumbest concepts in human history. It will take the US decades to rebuild their manufacturing base
- red-iron-pine 4y agoThe top 3 manufacturers in the world are: China (by a lot) then Germany, then the US. And of them, the US has far, far better access to natural resources (admittedly, having to lean on Canada).
- edgyquant 4y agoThis is false, the US is second and Japan third https://www.brookings.edu/research/global-manufacturing-scorecard-how-the-us-compares-to-18-other-nations/ https://www.brookings.edu/research/global-manufacturing-scor...
- dahwolf 4y agoWe have similar delusions here in the Netherlands, but we call it the "knowledge economy". The arrogant and misguided idea that us advanced smart people would do the thinking whilst the dummies make the stuff. Which means you unlearn how to make anything whilst the other party gets ever more advanced at it. And then takes over the thinking too. You end up with a select few Excel managers, a decimated middle class, and a layer of poor local service workers. The destruction of the middle class in the West has been ongoing for decades now and almost every single problem can be traced back to it.
- type0 4y ago> The destruction of the middle class in the West has been ongoing for decades now Virtually all politicians are happy it's happening, populace is easier to control that way.