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> huge mistake by dismantling their industrial core You don't understand how economics work. Dismantling America's core industrial base is the only reason your
by bigyabai 1y ago
> huge mistake by dismantling their industrial core
You don't understand how economics work. Dismantling America's core industrial base is the only reason your standard-of-living is higher than Europe right now. Reaganomics only works in a world where white collar jobs balloon and America dominates the financial sector. Without this strategy, our postwar workforce is genuinely worthless (see: auto manufacturing, Intel, etc.).
Disassembling the only economic sector America can compete in, to reconstruct an economy we are annihilated in on the global stage, is quite possibly the singular worst macroeconomics suggestion you can possibly make in this scenario. Reinvesting in domestic fabrication is just about the lowest-ROI choice available.