alt Hacker News> I feel like you could take all the handwavy comment that are made today to dismiss this caution, and find equal dismissal back then when companies were actively outsourcing the manufacturing.
Absolutely people were extremely dismissive to anyone saying that we're losing the ability to make things in this country!
There were all these theories like Comparative Advantage that people would trot out to point out that, if you don't like outsourcing, not only are you ignorant and backwards you're also probably racist.
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If there are not history books out there that try to discern the etiology of those decisions, there really should be.
And they were right. American manufacturing is $3 trillion/year, second only to China, and 1/5th of the entire world. American built airliners and American built engines fly all over the world. Millions of American cars come out of factories every year. American rockets put more into orbit than everyone else combined.
The idea that the US lost its manufacturing is not based in reality. One reason people think that is because people think cheap plastic crap and consumer electronics when they think “manufacturing.” Another reason is that US manufacturing has become highly efficient and automated, so a fairly small portion of the population works in it.
Yeah, your iPhone wasn’t built in the US. But the plane that got it here probably was.
What many people don't realize is why is America suddenly caring about manufacturing everything inhouse when Elites decided earlier Globalization was good, because China wants to command respect more than America. That is also the reason why Gold is pushing higher. If China was nobody, no nation would care for gold. So all these unnecessary downstream reasons distort what is actually going on.
If there was no China, Globalization would spread very strongly with Bangladesh manufacturing clothes and Milan doing the fashion show. All those calculations are coming undone. So please keep this main reason front and center when we discuss this matters.
I specifically remember seeing the ricardian tables, featuring 8th grade math proving how competitive advantage means everyone wins. This was very persuasive to me as a college sophomore, all my professors were on board and I was young.
I guess we were all lacking wisdom.