Earlier quoted context omitted.
I am very much on the fence on this one. I can tell you, without a shadow of a doubt, based on having been in manufacturing across various industries for over thirty years, that the US and Europe have been on a path to loose nearly all manufacturing capacity within ten years, maybe twenty at best. How do we compare the pain (and yes, some destruction) that we have to endure today against the devastation that is clear…
> I am very much on the fence on this one. I can tell you, without a shadow of a doubt, based on having been in manufacturing across various industries for over thirty years, that the US and Europe have been on a path to loose nearly all manufacturing capacity within ten years, maybe twenty at best. I've now been around long enough to remember people saying this 10-20 years ago. Seems to be plenty of manufacturing st…
“Plenty” but still less overall than 10-20 years ago, 30, 40, 50 years ago. There’s a quite clear trend to zero here.