The biggest impediment to restore manufacturing base in the US IMHO is Wall Street. Stock owners want high rates of return on investments and manufacturing are simply not high margin business.
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Everyone should memorize this chart.
Even though, cough cough, it's economics, this is how the world works.
You spend/invest the money, and get a rate of return.
Buy capital goods, like factories and machinery, that takes the most money, and has the least rate of return.
The other parts of the graph at the ends, spend very little money, and reap the greatest rates of return on capital invested.
That is how it is, this smile chart, we cannot get around it. Machinery costs money. The ASML machines sell for $100 million dollars some of them.
That is why America de-industrialized.
If someone had a lot of money and wanted to go into business, last thing they would do is build a factory. Better just to invest in some start ups. In the long, they would make more money that way.
The only exception is the military-industrial complex, and the auto industry in America.
That is the basics.
Now, what you are suppose to do, here I am pointing directly at people reading this message, is to apply this real world knowledge.
Consider how will Biden implement his re-shoring agenda.
He is telling people to do something that no one wants to do, not for a couple or more generations.
The problem here is two-fold. One is no one wants to do it, why spend the most to get the least, when you can spend the least and get the most, the smile chart. Two is that after manufacturing industry decline, you lose the people and you lose that know how, the workers do not exist.
That is how stupid the Biden people really are for freak shakes. They really do not know.
They're Liberals. All they are going to do is throw money at it.
Sure, that is going to work. Just like how we can tax and spend, then print money from Jerome, as the way to general prosperity.
How much money do you got? If Biden throws money at the problem, would they pocket the money and do nothing? Intel had layoffs right after getting their funds from the Chip Act.
That is why Trump is a conservative, because those people still believe in imperialism. Trump was going to take TikTok for America, he was just going to take it with the forced sale, but the US Supreme Court said no. TikTok knew the law better than President Trump.
We have Biden, who never seen that smile chart.
We have Trump, who does not know anything about American law.
Can you believe this shit?!
