alt Hacker NewsNo, it's not a desirable end state. If we produced everything in the US — just assuming we had magic tech to make it possible - we'd have less and be poorer. Americans today live like kings from 200 years ago, in large part due to global trade.
No, it's not a desirable end state. If we produced everything in the US — just assuming we had magic tech to make it possible - we'd have less and be poorer. Americans today live like kings from 200 years ago, in large part due to global trade.
Yep that's fair.
I had said this somewhere else in the thread as well, but domestic production is a pretty bad idea if success metrics revolve around prices, quantity, or some specific quality metrics.
Where it would potentially be a good approach is if the primary goals are relates to self reliance, sustainability, resilience, etc. I don't think many people actually care about that at the national level though, and our economy as-is almost certainly couldn't allow it.