3 ms·

Seems to be almost daily news stories about huge capital investment in manufacturing in the US, a couple billion here, a couple billion there. Was I just blind

• smileysteve 3y ago
  Targeted subsidies, the most recent bill to the IRA may be Cash For Clunkers.
• flextheruler 3y ago
  Inflation reduction act
• babypuncher 3y ago
  No, it's new as of the last ~2 years.
• Gibbon1 3y ago
  Geopolitics: China's sudden shift to authoritarianism under the new emperor has everyone fleeing for the exits as the US and Europe abandon the project to bring China into the club. Economics, Neoliberalism is dead. The pandemic killed it. Policy makers well understand the economy can tolerate a lot of disruption. Politics: Dispossessed voters turning to fascism has sharpened politicians and sane business leaders minds. Global Warning and new Tech: Solar, wind, batteries, and the need to faze out fossil fuels creates risks and opportunities. Risks will be born by those that try business as usual. Increased automation: Low skilled dirt cheap labor is less important than it was 20-30 years ago. That changes the balance point between low cost offshored labor and the pain in the ass that offshoring is.
  • trgn 3y ago
    > Policy makers well understand the economy can tolerate a lot of disruption If I understand you correctly, this is my reading of the pandemic as well. We suddenly all realized there is a _ton_ of slack in the system. On the individual level, but as well as societal.
    • Gibbon1 3y ago
      Yeah exactly. Instead of the economy being a delicately balanced machine that you don't dare touch. It turned out you can push it really hard and it'll hold together. At that point the idea that if you change industrial policies the whole thing will collapse and it'll be your fault went out the window. Policy makers have vastly more confidence in 2024 than they did in 2019.
      • trgn 3y ago
        Thanks, makes sense. Good evolution too
  • oblio 3y ago
    > Politics: Dispossessed voters turning to fascism has sharpened politicians and sane business leaders minds. FYI, many if not most business leaders were Fascist or Nazi sympathizers or at least admired various key aspects of their ideologies. Don't rely on them doing the right thing.
  • supertrope 3y ago
    Made in USA (by robots)
  • aurareturn 3y ago
    Geopolitics: China's sudden shift to authoritarianism under the new emperor has everyone fleeing for the exits as the US and Europe abandon the project to bring China into the club. No. This is simply because the US and other developed economics do not want competition from Chinese companies. Chinese companies are moving up in the value chain which is a threat economically to the US and allies. It's nothing new. It's the same playbook used on Japan. “When governments permit counterfeiting or copying of American products, it is stealing our future, and it is no longer free trade.” So said US President Ronald Reagan, commenting on Japan.