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> The wealthy fat cats that are making money producing their stuff overseas or simply operating as middlemen for overseas manufacturers are going to have a redu

> The wealthy fat cats that are making money producing their stuff overseas or simply operating as middlemen for overseas manufacturers are going to have a reduction of income and profits. The companies who moved manufacturing abroad and pocketed the savings for their investors and CEOs aren’t likely to just say “oh well” and take a big hit to their margins—they’ll just mark up their products to make up the difference. Maybe, eventually, domestic competition will emerge but it’s not a given and likely takes time. In the meantime, consumers are paying the increased costs.

Jgrubb 2y ago
How will domestic competition be able to emerge? Trying to start a business in this country is already absurdly risky and expensive, there’s a point coming where it’ll be completely impossible unless you’re already rich. Strikes me as the most likely motive for all of this.
cudgy 2y ago
Of course it takes time for domestic competition to arrive. Decision decisions cannot only be made because the benefits are not immediately realized. It’s taken decades to get to the point that we are with the outsourcing and oversees manufacturing that has emptied the ability of the US to manufacture basic products. The bottom line is that the products these CEOs are selling need to have a higher price. They’re being subsidized by slave labor and foreign subsidies. The prices will increase. The margins will increase and new domestic competitors will emerge to take advantage of the increased margins, but it takes time. And dismissing it because it takes time is a self-defeating policy.