Earlier quoted context omitted.
No, it's local manufacturing theater. The US does a lot of manufacturing, second only to China, but not low margin stuff that isn't economic. Trying to "bring back" that sort of thing is idiotic and is entirely performative and induced by the current incompetent administration. China is a genuine threat but the right solution is to move it to other friendlier countries instead of losing money trying to do it in the U…
It is apparently economic to do so in China and apparently any other place you want to outsource it to. Does smaller and one-off productions have as high of margins as high speed automated stamping machines running 24/7? No. But that doesn't mean it isn't profitable at all. And quite frankly, who gives a fuck if top owners and investors get maximum returns, boo hoo they got 4% return instead of 8%, that is still far…
The reason we don’t invest in manufacturing is because of requirements for return on capital.
Ask yourself why GM is doing massive stock buybacks in the era of global transition to electric cars. Why aren’t they using these huge sums of cash to invest in the next generation of products and instead literally just sending the money out the door?