We never stopped manufacturing, we just stopped employing people. > We don’t have the infrastructure to manufacture That's trivially false given we're the second-largest manufacturer in the world. We just don't want to employ people, hence why we can't make an iphone or refine raw materials. The actual issue is that our business culture is antithetical to a healthy society. The idea of employing Americans is anti-bus…
>That's trivially false given we're the second-largest manufacturer in the world. Sure, but we don't manufacture the things that are typically made in 3rd world countries and the lead time to build that infrastructure is years, and generally would result in us moving down the tech tree ladder from being a consumer economy to a manufacturing economy with all of the negatives associated with that.
It’s the sort of attitude that infected Boeing and resulted in taking them from the peak of aviation to an embarrassment. Because they don’t know how to lubricate doors or tighten screws.
Building things is hard, and requires significant technology and skills among a lot of people. A service based economy inherently looses that technology and skill.
Tim Cook interviewed and said China isn’t the low cost labor anymore it once was. China has become the place that knows how to manufacture things, especially electronics.