No wonder America is broke. Only manufacturing company in that list is Ford. Manufacturing is the biggest wealth creator for any country. Retail is at bottom of list for wealth creation. America has become a retail store for made in China goods.
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This had to happen, starting in the 1960’s the American System of government decided to gut manufacturing and industry by stretching our supply chains into foreign nations.
The results of destroying these important industries, that are the backbone of any independent civilized nation, is the growth of nonessential employers and employers.
We’re now a nation of *Kamala Harris Types.
Free Republic Biden Republicans need to understand if they vote for Biden again, they want Harris negotiating with global predators like Xi Jinping & Vladimir Putin.
Country First? or Your Vanity & Ego First?
*Kamala Harris Type Definition- An imbecile that if you put in charge of important businesses & organizations, will lead to the destruction of those entities.
“Retail is at bottom of list for wealth creation.”
Branding can be very lucrative - often far more than manufacture.
Sometimes Americans get to buy close to the manufacture price on some things. This gives an idea of the mark-ups branding can allow.
What drove American manufacturing overseas was EPA and OSHA. Not that either were bad things in principle, but the way they were administered was stifling. I was there. I spent more time engineering compliance to incomprehensible regulations, written by moronic non-engineers, than I did engineering the products.
And like all bureaucracies it's only gotten worse.
See: Jerry Pournelle's Iron Law of Bureaucracy,