Quote: Yeahright. That's why we lost world war ii. We simply couldn't build a war time industrial base largely from scratch fast enough. Again, dude, if you're only advantage is price, and they begin to rise again, you lose.
You don't have a clue. Our machine tool and stamping companies are being shipped to china on a grand scale. You need machine tools to build more machine tools.
We did not build the industrial base from scratch in WWII. It was already there. We just expandned on it.
We did not build the industrial base from scratch in WWII. It was already there. We just expandned on it.That's quite preposterous considering how much industrial capital and technique was developed *during* WWII. People build machine tools, dude, not other machines. Machines are (relatively) cheap, and getting cheaper as productivity continues to rise and the cash value of manufactured goods continues to crash. What matters in the new economy is knowledge more than capital.