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Earlier quoted context omitted.
Globalization led to an erosion of US wages and the hollowing out of our middle class. If we buy local, it creates domestic jobs. Wages go up too. We need to onshore more .
Protectionism makes everyone worse off.
Earlier quoted context omitted.
Globalization led to an erosion of US wages and the hollowing out of our middle class. If we buy local, it creates domestic jobs. Wages go up too. We need to onshore more .
Protectionism makes everyone worse off.
Earlier quoted context omitted.
No, it increases the security and continuity of our civilization when China invades Taiwan.
Well, there's a huge benefit of COVID. The related chip shortage finally woke up the US gov on supply chains. My question is why did it take this long? I have been worried about this for nearly a decade. My next question is how many mask factories have we built in the US since we realized that was important?
In general, I'd say we've been able to deal with issues by outbidding other countries and exerting international political influence.
> My next question is how many mask factories have we built in the US since we realized that was important?
We're so bad at building.
I'd add to your question with: how custom-built do factories need to be to be efficient?
I expect chip fab is very tailored, but can a t-shirt factory quickly pivot to surgical masks? How about N-95? Can a vacuum cleaner factory start building ventilators? How about HEPA filters? mRNA vaccines?
What are critical things we may need to ramp up rapidly, not just for pandemics, but for the next disaster, and can they be done without building dedicated factories just for those items?
Humans are fabulously general-purpose, so I'd imagine that the more automated the process, the more expensive it is to switch. This would put high-wage countries like the US at a disadvantage with regard to flexible domestic manufacturing. But I've no expertise in this area at all.
These are questions and guesses, not questions and answers. :-)
Earlier quoted context omitted.
Globalization led to an erosion of US wages and the hollowing out of our middle class. If we buy local, it creates domestic jobs. Wages go up too. We need to onshore more .
Protectionism makes everyone worse off.
It's not protectionism. It's anti-fragility. It's having strong domestic capabilities to meet our every need and not suffer when the world is uncertain.
It's having jobs and prospects for our future generations. The hope Millennials and Gen Z have is dim, and I can point my finger at a huge contributing cause.
Earlier quoted context omitted.
No, it increases the security and continuity of our civilization when China invades Taiwan.
Well, there's a huge benefit of COVID. The related chip shortage finally woke up the US gov on supply chains. My question is why did it take this long? I have been worried about this for nearly a decade. My next question is how many mask factories have we built in the US since we realized that was important?
It's not important. Masks don't effectively stop the transmission of SARS2 and N95 masks are only highly effective against something as infectious as SARS2 Delta if you wear them precisely as intended (and to go with that you need to take many other precautions that the mass population is never going to take with great precision on a day to day basis). Even the vaccines don't stop Delta effectively, which you can plainly see from the large outbreaks in highly vaccinated nations.
> My question is why did it take this long?
Because the US Government spends nearly all of its effort on dumb shit, like shuffling papers, playing at admin, processing lobbyist appointments, screeching out empty promises every 2-4 years, going on talk shows and managing PR, managing a globalist superpower clown show, projecting power to every corner of the globe for no great reason other than to fulfill the powerlust of those in control.
They're supposed to be running our government for our people. They're simultaneously running the equivalent of one of the world's largest governments outside of our borders. Think about that for a moment. Do I think the people in power can run the US Government, domestically, effectively? Hell no. Do I think they can then simultaneously run a gigantic other foreign system - military bases, personnel, war, huge embassies, global trade, sticking their noses in every foreign political issue and at all times - on top of that? Triple hell no.
‘Impossible':TSMC founder Morris Chang on US dreams for onshoring chip supply chain https://www.taiwannews.com.tw/en/news/4327937 Morris Chang spent 25 years (1958–1983) at Texas Instruments.He knows US very well.
Ok, this article quietly gets fucking wild halfway through. >> Samsung spent years evaluating where to build the new fab, courting multiple locations and pitting them against each other for better incentives. But the ultimate decision came down to Samsung Group's leader Jay Y. Lee, who was granted early parole in August expressly to speed up crucial business decisions like the Texas chip fab. Accounting for between 1…
‘Impossible':TSMC founder Morris Chang on US dreams for onshoring chip supply chain https://www.taiwannews.com.tw/en/news/4327937 Morris Chang spent 25 years (1958–1983) at Texas Instruments.He knows US very well.
It’s essential to TSMC survival for their production to physically stay focused in Asia.
Earlier quoted context omitted.
Well, there's a huge benefit of COVID. The related chip shortage finally woke up the US gov on supply chains. My question is why did it take this long? I have been worried about this for nearly a decade. My next question is how many mask factories have we built in the US since we realized that was important?
We shouldn't stop there. America needs to make steel again. Plastics. Chemicals. We need to make electronics, fertilizers, tools. Everything we need should be onshored. Especially if we expect a cold war with our biggest producer.
We can keep production in poorer countries with poor worker and environmental protections so long as those countries will clearly side with us and aren't all concentrated in China's sphere of influence. No one's doing a naval blockade of the entire US coastline. And even if they did, we also have some long land borders with allies.
It even nets them a cool 3 billion dollars to do so, which I'm fairly sure is very welcome given Samsung's history of reinvesting this kinds of money for political gain.
I do wonder why this isn't more common though, pretty much every gigantic company already has an administrative arm in the US, it sounds like it'd make sense to move at least some of their production side there too.