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> The market already figured out that it doesn't want leading edge manufacturing in the US. Exactly. The market figured out there's a lot of short-term profit
by tivert 2y ago
> The market already figured out that it doesn't want leading edge manufacturing in the US.
Exactly. The market figured out there's a lot of short-term profit to be made for shareholders in selling off the nation's industry, and moving it down the value chain. They're running the country like a legacy business they're winding down.
Give Wall Street a few more decades, and the US will have an agriculture and resource extraction economy.
- jiggawatts 2y agoNational security (and other similar externalities) are not priced into stocks, which is why every trader will happily sell his own nation's defence in exchange for profit.