I think that it was Confucius who defined a knowing person, as one who knows what he knows and knows what he does not know. Mr. Chapman does not quite make the grade. He completely ignores the hidden costs, social, economic & long-range, in what he advocates. Whatever is saved in immediate expense, by having essential industrial products manufactured overseas, may be lost in the social damage to American communities; in the diversion of tax revenues to welfare payments to those who might otherwise be gainfully employed; in the possible loss of a future war, because of an inadequate domestic industrial potential, etc..
Remember that it was the incredibly large American industrial capacity, which enabled the allies to win World War II.
I do not necessarily disagree with the writer's postulations of near term monetary cost factors. Where he is truly pathetic, and completely out of his league, is in his cavalier ignorance of less immediate, less easily measured costs. Again, he is clearly "not one who knows."
I think that it was Confucius who defined a knowing person, as one who knows what he knows and knows what he does not know. Mr. Chapman does not quite make the grade. He completely ignores the hidden costs, social, economic & long-range, in what he advocates. Whatever is saved in immediate expense, by having essential industrial products manufactured overseas, may be lost in the social damage to American communities; in the diversion of tax revenues to welfare payments to those who might otherwise be gainfully employed; in the possible loss of a future war, because of an inadequate domestic industrial potential, etc..
Remember that it was the incredibly large American industrial capacity, which enabled the allies to win World War II.
I do not necessarily disagree with the writer's postulations of near term monetary cost factors. Where he is truly pathetic, and completely out of his league, is in his cavalier ignorance of less immediate, less easily measured costs. Again, he is clearly "not one who knows."
Excellent analysis. Thank you.