Posted on 12/04/2014 11:57:16 AM PST by DannyTN
The hubs of advanced manufacturing will be the economic drivers of the future because innovation increasingly depends on production expertise. ... Second, the idea popularized in the 1990s and 2000s that innovation can happen in one place (say, Silicon Valley) while manufacturing happens in another (such as China) is not broadly sustainable. If all the manufacturing is happening in China, these networks are growing there, meaning eventually all the innovationor at least a lot of itwill be happening there too. ... Without manufacturing, we lose capabilities in the workforce, says Harvards Shih. It limits what you are able to do down the line.
(Excerpt) Read more at technologyreview.com ...
Imports should be burdened with unemployment costs, taxes equal or greater than that on domestic producers, and the opportunity cost of lost innovation.
I’ve been saying this since around 1995. Honest to God, you look at the hollowing out of the United States, and some folks still get 7 when adding 1+1.
For a few dollars more, the United States was destroyed.
Tech Review are unabashed CAGWers and need to be eschewed.
So many of American business elites who drove offshoring were either totally stupid or totally treasonous.
Neither, they played the game the best they could, given the rules of the marketplace.
If they didn't go off-shore, their competition would have and run them out of business. Whoever off-shores first has an immediate and significant cost advantage.
The decision to off-shore is bad for America, but so is going out of business, which is the choice firms are presented with.
International trade is one of those areas where you really need government involved and good governmental policy.
It's not unlike hiring illegals. If the law is not enforced and your competition hires illegals, then you don't have much choice but to do likewise or go out of business. Only with international trade, they are playing within the rules. The rules just aren't in America's favor and we need to change them.
Neither, they played the game the best they could, given the rules of the marketplace.
If they didn't go off-shore, their competition would have and run them out of business. Whoever off-shores first has an immediate and significant cost advantage.
The decision to off-shore is bad for America, but so is going out of business, which is the choice firms are presented with.
International trade is one of those areas where you really need government involved and good governmental policy.
It's not unlike hiring illegals. If the law is not enforced and your competition hires illegals, then you don't have much choice but to do likewise or go out of business. Only with international trade, they are playing within the rules. The rules just aren't in America's favor and we need to change them.
The rules just aren’t in America’s favor and we need to change them.
.........................
This is it. So much of the rule making these days don’t seem to favor the American people. Its as if our leaders have become colonial elites—that is colonized elites like the British and French employed in the 19th century to run their possessions in Africa and Asia.
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