To: trebb
I mentioned the other day that we should be able to leverage the shortages being created by Chinas corruption and poor handling of this in order to bring even more manufacturing jobs back here...China is supplied with materials for manufacturing antibiotics and they control over 90% of the finished product...not to mention all the electronics/automobile and other parts that are assembled there.
That's not really going to be very likely. Even with a complete collapse from China. I read an article on here a while ago that several manufacturers were actually beginning to move some production out of China, due to costs rising, and were starting to look at other places like the Philippines, Malaysia, Africa, etc. What China did to us, other even poorer countries have started doing to them.
Say China disappeared tomorrow. Sure, supply chains would hurt, but they would be pretty quickly taken over by other third-world manufacturing countries. Not much of that would be coming back to these US. Even full automation / robotic production on simple products; the land costs, taxes, regulations, inspections, insurance, etc just aren't profitable for many supplier chains.
So unless you have inflated prices on government guaranteed purchase, made-in-USA contracts, or large tariffs on every country for certain cheap items, there's no way (certain) production can come back here. I don't like it, But I don't see any way we can become competitive as a country in the cheap goods segment.
To: Svartalfiar
The globalists are running out of cheap places to manufacture and if supply chains keep getting ruptured, the governments of the homelands in which the globalists have their headquarters will enact restraints. The most simple requirement will be for a company to be able to ramp up domestic production(meaning keeping tools and manufacturing lines in ready storage) should their foreign producers be disrupted. This would be for goods deemed vital to the domestic stability of a given nation. It would also be wise for any company to maintain their aces in the hole should a foreign nation act like a dick and attempt to nationalize the company’s foreign operations in that country. I hope lessons are being learned by the globalist sociopaths; I’m sure they too, don’t like to lose money.
To: Svartalfiar
Thanks for that astute insight.
36 posted on
02/26/2020 2:50:53 AM PST by
trebb
(Don't howl about illegal leeches, or Trump in general, while not donating to FR - it's hypocritical.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson