Earlier quoted context omitted.
It's not true that US or any other developed country have lost their manufacturing base. The rest of the economy has grown faster than manufacturing. Developed countries have moved into high-tech, high productivity, more capital intensive manufacturing with complex supply chains. If you want to bring back low productivity products into your country, you must accept wage decline, slower growth and lowering quality of…
> Turning the clock back is not a good idea. Might be a more liveable, more resilient, better for the environment, and for quality of life (which is not the same as "more gadgets") idea though...
More resilient, ok maybe, but surely there are other ways that resilience could be achieved through e.g. rolling stockpiling or maintaining flexible manufacturing capability. We don't necessarily need to be able to make our own masks all the time, but have the capacity to make them if needed. there are a range of new technologies coming along that could provide this flexibility, such as 3d printing and flexible robotic assembly systems. That would come at a cost for sure, but could provide the needed flexibility at a much lower social cost than pushing people back into lower value long term employment.