“New Data Shows U.S. Companies Are Definitely Leaving China”
as well they should, and not just china ...
for example, the companies making hydroxychloroquine in India are U.S. companies that are not being allowed to export the products that they own from India, and relying on personal relationships is simply not good enough in the long run for the United States to be a secure nation.
We thus need a new superpower initiative in which the United States isn’t just the biggest energy producer in the world, and the biggest food producer and exporter in the world, but we also MUST become the biggest pharmaceutical manufacturer in the world (including full vertical integration of precursor supply), and thereby transform ourselves into the largest exporter of pharmaceuticals in the world as well.
It’s not good enough to just be self-sufficient in food and energy production and a world exporter of surpluses of those essential products, but the same HAS to be true with pharmaceuticals too: the United States of America MUST become the nation that all the other nations turn to for their pharmaceuticals, instead of us remaining the nation that turns to others for our medications.
Energy and food self-sufficiency are not sufficient to maintain national security as long as we remain a beggar nation when it comes to relying on other nations to supply our healthcare system.
True national security stands on four legs: military power, energy self-sufficiency, food self-sufficiency, and healthcare self-sufficiency.
“True national security stands on four legs: military power, energy self-sufficiency, food self-sufficiency, and healthcare self-sufficiency.”
Yes, yes, yes, and yes.
“We thus need a new superpower initiative in which the United States isn’t just the biggest energy producer in the world, and the biggest food producer and exporter in the world”
Being the world’s biggest exporter in a way that drastically alters the % of the economy attributable to exports, creates an economy more DEPENDENT ON EXPORTS continuing. That puts an economy at risk domestically from disruptions in the economy(ies) exported to. A downturn in the economies buying from you causes pain in your economy relative to how much your GDP is export dependent/derived.
Right now the U.S. does not have THAT problem, as exports make up only about 12% of U.S. GDP.
Producing more for ourselves domestically would be good. Making our economy dependent on exports too much would not be good.
A good place to start would be in the “supply chains” of small manufacturers that make all sorts of stuff that feeds into larger manufacturers. Those companies and industries can be incubators of new ideas, new goods and new businesses. They also make up a big part of our imports. The problem is they too need materials, and the U.S. does always have the materials needed in sufficient quantities domestically. Fixing that raises imports of raw materials. Getting the whole thing fixed is a giant balancing act that private industry itself has to sort out.
Very precisely targeted tariffs can help, if they are that and not (generally speaking) overly broad tariffs. Tariffs vis-a-vis China is a whole nother issue that relates to fixing not merely9 a single problem but the whole U.S.-China economic relationship.
We need an economic council that looks for, and advises, how government can HELP improve the building of U.S. domestic manufacturing without the government trying to command and control it into existence.
Autarky.