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> the expense of hollowing out domestic industry > Post WW2, US leadership [deliberately] traded the domestic manufacturing industry [capability] for national
by kiitos 1y ago
> the expense of hollowing out domestic industry
> Post WW2, US leadership [deliberately] traded the domestic manufacturing industry [capability] for national security, by making the US dollar the default international trade currency. [This] gave America benefits, but increased the value of the dollar astronomically, which made it impossible to manufacture anything locally ... the logic at the time was that Americans would up-skill en-masse, away from the menial manufacturing jobs [of history] -- but everyone is too much of a dumbass to stay in school [which is required for all of this to work] ... Let's Go Brandon!!
https://www.youtube.com/shorts/SCUy3DrUZmw https://www.youtube.com/shorts/SCUy3DrUZmw