No single country will have complete monopoly over any industry and globalization will ensure that. There will be more interdependence among countries. Companies like Boeing cannot continue the way they have done until now. Countries like Brazil, Russia and even India are building aerospace capabilities similar to Boeing or Airbus. These companies have to make some trade off or face extinction. You cannot just close your doors, shut your eyes and believe that you are protected from competition. US is no longer the largest civil aviation market in the world. There are larger markets in Asia, particularly emerging economies like India and China will witness far greater amount of civil aviation in next decade. In next 5 years India alone will be spending $30-35 billion on buying passengers jets. Boeing has got the largest piece of that pie. In return for access to the largest emerging civil aviation market, India has the bargaining leverage to demand that Boeing joint co-production in India. Its a win-win for both India and US. US gets to manufacture most of it while India gets to produce some to keep the costs low.
As for the “one trick pony” situation...... no trick lasts forever. That applies to all countries and especially companies. You have to find new tricks all the time. The Japanese themselves are having trouble keeping the industries from going to other countries in Asia. China will have trouble keeping intact their manufacturing industry edge after other lower cost countries in Asia builds their manufacturing base.
“More important than jobs alone...is our national independence. As Alexander Hamilton and George Washington taught us...or at least the better students...we need our independence at the cost of our treasure, blood and lives if need be.”
The best way to preserve independence is to allow open competition. Thats the American way and that way alone will ensure success.
That's what you have done.
You refuse to acknowledge, and face the reality, that Airbus is not "competition" but a French-scheme, a governmentally financed attack on a core U.S. industrial advantage. EADS literally stole the technology for its subsidiary Airbus, with its U.S. espionage...and then the French government got huge never-pay-back "loans" for the Airbus production, and leveraged their governmental scheme by enlisting German and British collusion in it with co-production bribes.
China will have trouble keeping intact their manufacturing industry edge after other lower cost countries in Asia builds their manufacturing base.
There are no such things as lower-costs than China. China's costs are politically-dictated. And they have 1.5 billion slaves to enact those edicts.
The best way to preserve independence is to allow open competition. Thats the American way and that way alone will ensure success.
False. The American Way...is the American System which built us into the Superpower...that the traders are pissing away as fast as they can.
China's wages are dictating a conclusion in opposition to that. And it also belies the fact that the US was formerly pretty much independent...and clearly better off for it. Globalism is not a panacea...except for the Chinese who simply mutter "Sucka!" under their breaths as the US devolves economically.
China's wages represent an irresistable black-hole that keeps sucking in all the manufacturing it can take as soon as it can be absorbed...and all under the rubric "globalism".