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"We can’t imagine Washington passing a law requiring iPhones to be made entirely in the United States. Labor costs are too high, and our country doesn’t have th
by rossdavidh 2y ago
"We can’t imagine Washington passing a law requiring iPhones to be made entirely in the United States. Labor costs are too high, and our country doesn’t have the domestic capacity to make these things. Our supply chains are deeply, inexorably international, and changing that would require bringing global economies back to the 1980s..."
Yeah, and that's what is happening. Globalization has waxed and waned several times over the last few centuries. It is a matter of government policy, not in any sense "inexorable". It is currently waning, and will continue to do so for several decades, probably, for this reason and many others.
- _heimdall 2y ago> Globalization has waxed and waned several times over the last few centuries. This is a new one to me, you got me genuinely curious. When was there a meaningful push for globalization prior to WWII, ignoring empires trying to colonize the world?
- rossdavidh 2y agoWell I don't know that one should ignore colonialism, but there was also very much a more open free trade system prior to WW1, than there was fifty years later.