51–60 of 1001 posts
No.
The shareholder class underestimates it.
A lot of Americans realize that it's going to be hard, which is why we should have made an example out of the first guy to profit off of sending manufacturing off to the shores of a geopolitical rival.
yea its difficult lets not do it
Earlier quoted context omitted.
And do not forget NIMBY :) Where I live it is close to impossible to even get a Dog House approved and built.
Exactly! The regulatory apparatus has to be rewired. And then what happens when a new administration comes along 4-8 years down the line and decides to abandon some of those initiatives?
That has its own issues.
Not sure if it's still the case, but the Yangtze River used to be one of the most polluted water bodies on earth.
Molson has a Chinese spouse, directly benefitted from Chinese manufacturing for a long time, and often spouts direct propaganda from his X account so while he's likely to be right about a lot of things he had/has a strong incentive to not imagine alternatives to the status quo.
Earlier quoted context omitted.
How are markets going to figure anything out with tariffs changing every day, depending on the mood of dear leader?
That's a problem for the markets to suss out.
In two years of course it won't matter.
Our economy was designed to NOT have citizens work at factories. We pay thousands of dollars a year in our public schools to teach each of our citizens calculus, literature, world history, and physics, so that they DON'T have to work at a factory, or perform manual labor like picking strawberries or driving trucks or cleaning toilets. Why would anyone want to go back to an economy that can be run by a third worlders?…
At its root I think this is driven by anxiety over how America would perform in a hot war, rose colored glasses culturally regarding the post WW2 era, and acknowledging that there's no real economic growth opportunity in America for unskilled labor, it's merely a way to tread water now.
i didn't understand it myself until I developed a hardware system and computed the margins, hassle, etc - manual labor/assembly/mfg is not what a developed economy relies on and its asinine to pretend it is.
I don't know how the current American dynamism movement has picked up the steam it has
To paraphrase Kennedy: "We choose to [bring back manufacturing]. We choose to [bring back manufacturing] in this [or the next] decade and do the other things, not because they are easy, but because they are hard, because that goal will serve to organize and measure the best of our energies and skills, because that challenge is one that we are willing to accept, one we are unwilling to postpone, and one which we intend to win, and the others, too."
We will do it, and we will win, whatever that means.
This pretty much mirrors what a friend of mine said (he is a recently-retired Co-CEO of a medium-sized manufacturing business). He's been telling me this, for years. It's not a secret. The information has been out there, for ages. I'm surprised that the administration didn't understand this.
> I'm surprised that the administration didn't understand this. Curious why you are surprised at incompetence being unable to understand complexity.
My friend is watching his business get ready to die. His wife is still the CEO, and she's losing her shit. They're not alone. There's thousands and thousands of similar operations, all over the US, that will have to shut down, if something doesn't give.
I guess the mega-rich oligarchs think this is great, but they don't employ the majority of Americans.