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I will point out that this is less of a problem than offshoring labor and/or manufacturing - It results in more people trained in the industry here - As a las
by wantsanagent 2y ago
I will point out that this is less of a problem than offshoring labor and/or manufacturing
- It results in more people trained in the industry here
- As a last result you can nationalize industries on your own soil
Now the second point is obviously a bit far fetched, but in the advent of a conflict with China where trade is disrupted, if your manufacturing plants and expertise are already in the country then you will face less disruption.
- csomar 2y ago> As a last result you can nationalize industries on your own soil You can only do this once in 40-60 years; and this will get everyone scared for their money and investors anxious to invest anything in your economy for a long time. Definitively not worth it (as the upside here is only the profit of the companies rather than security since they are already operating on your lands)
- bryanlarsen 2y agoAs a Canadian, I would not get scared to invest in the US if the US adopts a policy of nationalizing every industry owned by countries it is at war with.