Economies that don't manufacture, decline and die. Great Britain is Exhibit A.
That will bankrupt companies and destroy the economy. That is a very naive view Like it or not, we live in a world where the economy is global
Speaking of naive views ..... when you assume that currency valuations and market values and pricing are rational and not skewed by motivated actors, that prices reflect open-outcry, universally accessible markets rather than mercantilism on a politically-fueled rampage, then it's you who are naive.
Marketarian theories do not get their arms around fascistic, access-capitalistic arrangements.
I do not oppose manufacturing. I support the practice wholeheartedly. My point is that we do not need to bring back manufacturing moved elsewhere. We will continue to do as we have before, use the brains and ingenuity to develop new products not now known.
We do not need to resume making cotton yarn on Japanese machines or paint brushes on Italian machines or brake pads on Austrian machines. We do not need to make anything others can make as well and cheaper.
Prior to the current recession we were at full employment, actually in excess of full employment when you count the Mexican illegals. Exports were booming...... we had lots of manufacturing jobs. The myth we don’t make stuff is not only untrue, it is pernicious. Not only do we make stuff, people all over the world come to buy it.
If we take paint brushes as an example, there was an excellent American paintbrush company that was bought by a Fortune 500 company that became uncompetitive. They crated up the Italian designed and manufactured production line equipment and sent it to China where they now make the paint brushes and sell them here and elsewhere.
The post to which I replied would have that company bring that operation back. That is, the company must resume making paintbrushes. The result would be that they could not compete or operate at a loss. That is the reason they quit to begin with.
You have missed the salient point....... We have vast capabilities to create new, unknown or unheard of stuff. We will continue to do that. Our manufacturing will not die, but it will change. We will not remain in the paintbrush and cotton yarn rut
One more point..... we will not make new and different wind mills or other green dream crap now being subsidized out the wazoo. That sort of industrial practice definitely will kill us.
All of this is moot though unless we rid ourselves of the current President and Senate Majority