alt Hacker NewsIf you go back to WWII America was the China of the world: mass produced products if midrange quality.
Europe owned high end quality, especially Germany.
Most Radar technology was invented in the UK and then sent to the USA where American engineers would redesign it for mass production. You'd have a magnetron that the British machined at great expense and the Americans would redesign it so it could be stamped out by the thousands.
Germans would look at the wrecks of bombers they shot down. Early on they'd look at a B17 and say "this thing is crude" but by 1944 they'd look at a late model bomber and say "we don't even know how they made some of this stuff".
People have it entirely backwards. They think if you can do high end manufacturing the low end is easy. In fact if you can do mass production of low end parts with consistent quality then high end stuff is easy.
We can't manufacture most of those low-end things at competitive prices with developing nations - and we never will be able to (or else we have bigger problems).
So who's going to buy the low-end stuff at high-end prices?
You can try tariffs and the like (as we're foolishly doing right now) - that usually ends up having the opposite intended effect. You make everything more expensive domestically, including manufacturing (b/c your inputs got more expensive), and hurt our ability to export, even the things we did well.
Meanwhile, the rest of the world unencumbered with protectionism reaps the benefits of free trade and out competes us.
All this eventually leads to a loss of manufacturing jobs and output and manufacturers that can only sell to the domestic market (instead of the whole world). The whole sector starts to shrink. So that's no good.