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Just because something can be made in the US doesn't mean it makes sense to. If Americans make the same things as the rest of the world, why would Americans con
by breadwinner 1y ago
Just because something can be made in the US doesn't mean it makes sense to. If Americans make the same things as the rest of the world, why would Americans continue to be wealthier? Think about that!
For America to continue to be wealthier than other nations, we can't make the same things that others make. We have to make things others don't know how to make, and charge a premium. That's the way to wealth. Let other countries make t-shirts, sneakers and even cars. Anyone can make those things. We will buy their stuff low and sell our stuff high.
So what should we make and sell for a premium? Boeing airplanes, GE & Pratt & Whitney jet engines, Satellites and aerospace systems, NVIDIA chips, Heavy machinery (e.g., Caterpillar, Deere), Automation and robotics components, Immunotherapy and gene therapy, DNA sequencing and gene editing tools, Implantable devices, Robotic surgery systems (e.g., Intuitive Surgical's da Vinci), Diagnostic imaging machines, Cloud infrastructure and Enterprise software, Hollywood movies, Advanced materials (DuPont, Dow) and so on. In other words, things other countries don't know how to make, or aren't as good as us.
What wee don't want is sweatshops paying peanuts.
- ein0p 1y agoYeah, instead we should just print money and hang that debt around our kids and grandkids necks, all while further deindustrializing. That's a bold strategy breadwinner, let's see how it plays out for your grandkids in the long term. "Wealth" isn't the only metric of a strength of a nation, especially when you can just literally print money. You kinda _have to_ also make stuff. Selling $1 Chinese chotchkes for $5 is not a long term viable economic model for a superpower.
- breadwinner 1y agoYou do have to make stuff. That doesn't mean bring sweatshops here. Read my post before replying.
- ein0p 1y agoDo you know how many Chinese parts go into a Boeing plane? You do need to make them here, too. "Sweatshops" is a red herring. There's no way there's more than $10 of labor per pair of shoes. If we survived Biden's $15/lb beef, we'll survive this too.
- tock 1y agoYou do realise that our debt comes from absurd govt spending and not the lack of nike sweatshops right?
- breadwinner 1y agoTrump tax cuts for the wealthy is a significant source of our debt. There is more of that coming.
- ein0p 1y agoYes. DOGE is taking care of that, too.