Earlier quoted context omitted.
What’s the right %?
Clearly less than 12%.
Well, I’m convinced.
America's advanced manufacturing problem and how to fix it
271–280 of 313 posts
Re: America's advanced manufacturing problem and how to fix it
#272Earlier quoted context omitted.
How does this make US manufacturing more competitive?
Is the real problem that US manufacturing is "uncompetitive"? Or is it that actual US-based capability to manufacture advanced and military products at scale is a non-priority for the folks making all the decisions?
Having seen US and Chinese manufacturing side-by-side, I'm quite confident that there is a substantial competency gap.
Re: America's advanced manufacturing problem and how to fix it
#273It's more than factories that are missing today in the US. It's the millions of workers that have the skill-sets to work those factories.
In the 40 years that the US has offshored manufacturing, all of those guys that used to know what's what have retired or died. There's nobody left. It's going to take another 30-40 years to replace them. The US doesn't have the luxury of having those 30-40 years.
Re: America's advanced manufacturing problem and how to fix it
#274Earlier quoted context omitted.
The money is not siphoned out of the economy (unless it all leaves the US/World). The money made in finance is just as any other money, i.e., it is used to consume, invest, save etc. Btw., no-one is forced to trade incessantly, either.
The money technically being “in the economy” is cold comfort to the workers whose COL has steadily increased while wages have remained flat.
Re: America's advanced manufacturing problem and how to fix it
#275Earlier quoted context omitted.
I agree that you shouldn’t discount what Elon does or says. He’s clearly one of the most important individuals of our time. Doesn’t mean whatever he says is gold though. Same standards should apply. I agree that his naysayers are making a grave mistake of calling him universally stupid. He’s a vile selfish person, who makes a lot of bigoted stupid statements and actions, but ignoring him would be the end of us. A Tam…
>ignoring him would be the end of us. How so? That's an extraordinary claim that you haven't remotely justified. While it's possible for anyone to say something smart, Elon Musk is no more likely to have clever insight than the average janitor. He makes a bunch of insightful-sounding claims that only make sense if you don't have a clue on the subject he's talking about - like when he stack-ranked by lines of code, at…
He hasn’t made a single smart decision in Twitter, agreed. But in every other venture that’s not true.
Re: America's advanced manufacturing problem and how to fix it
#276Earlier quoted context omitted.
Can you imagine the magnitude of the humanitarian and environmental crisis China would be if they had not industrialized and joined the global market? A country that size full of uneducated farmers and first generation coal power plants would be a nightmare for everyone, not just China.
Well, the planet would be better off without Chinese middle class and elite flying around and buying stuff. Countries that are full of poor "uneducated farmers" tend to have much lower carbon footprint than richer ones, even with the higher birth rates. Despite its admirable investments in reneweable tech, China still keeps building new coal plants as well.
Would your comment read any differently if you replaced "Chinese" with "United States", or "France", or any other Western civilized nation?
I'm curious to understand why China is to be blamed, exclusively? Correct me if I am misunderstanding your premise.
Re: America's advanced manufacturing problem and how to fix it
#277I work in one of the last remaining large industrial manufacturing labs in the US. Some of my colleagues worked at Bell before that was shuttered. My sense from talking to the previous generation is that financialization of the US has started (finally) failing the American people. The previous generation cashed in on major profits by off shoring (Kodak), but we overdid it. In a round about way our company is run by p…
This is an anecdote. R&D as a percent of US GDP has never been higher than it has been in the 2020s. Even more than back in the 60s. The source of the R&D has changed (less federal government) but it’s not financialization. https://ncses.nsf.gov/pubs/nsf23339#:~:text=The%20ratio%20of....
Re: America's advanced manufacturing problem and how to fix it
#278Earlier quoted context omitted.
I mean they could simply weaken the dollar and then US manufacturing (and other) exports would become attractive again.
And then everything that the us imports would be more expensive in the next day, fueling inflation...
Yes, inflation on imports. Investing in the domestic manufacturing sector isn't free.
Re: America's advanced manufacturing problem and how to fix it
#279Earlier quoted context omitted.
The main problem with this take is that the US and China simply have different standards and rules for IP. China is not "ignoring IP regulations"; they have different regulations. Both the US and China are parties to the WTO and Berne Convention and cases can and have been tried. The US has won many cases against China in the WTO; it hasn't done as well making cases for IP theft and protectionism, which is notable as…
The main problem with this take is that it fails to explain the differences and their consequences. If the differences and consequences are the same as if China was outright ignoring IP ownership*, why does it matter that you call the ignoring "different standards"? *- not that they aren't already
Can you point to a case that breaks both US and Chinese law? Otherwise, this conversation will be about vague generalizations.
The issue is that IP is a legal creation, so it can only be stolen if it is recognized in the first place. That said, it does not seem like differences in IP law are usually what people are referring to when talking about IP theft. That is why I brought up the WTO, which is a forum in which the US has sued China for encouraging IP theft--but most of these cases have not been won.
Re: America's advanced manufacturing problem and how to fix it
#280Earlier quoted context omitted.
You already are taxed for this decision via capital gains taxes.
Not really. I can make a million trades or one to gain $X and pay the same capital gains tax. A financial transaction tax makes me much worse off in the former case. It disincentivizes trading volume by raising transaction costs, which have been on a long-term trend downward as markets have adopted technology and brokers have engaged in cutthroat competition. I believe that trend has been positive for markets, invest…
Only within one calendar year. In your original AAPL / MSFT example, you’d need to pay taxes at the end of the year on any gains from your AAPL sale assuming that’s as your only trading activity in the year.