Coronavirus might show us just how bad the past 40 years of deindustrialization has been for us. While we have trouble getting even test kits out, other countries have ramped up production of masks, gloves, testing kits, and other protective gear.
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Replying to @saikatc
Molson Hart Retweeted Matthew Graham
Concrete example: I just Google face mask making machine on a lark. Maybe we could make some extra masks in my warehouse. The machines I saw were 100% made in India, Taiwan, or China. Maybe I could get one from India but it would take months. https://twitter.com/mattysino/status/1234041193043914752?s=21 …https://twitter.com/mattysino/status/1234041193043914752 …
Molson Hart added,
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Replying to @Molson_Hart @saikatc
Remember when we as a nation collectively decided to outsource much of our manufacturing capability? :(
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Collectively? Rather led by Walmart and followed by companies savoring the other profit margins.
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I view it as a failure of government. Markets will always seek the lowest prices. It wasn't just Walmart. It's everybody in the industry. It's just not possible to make money manufacturing in the USA for all but a few exception products.
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Replying to @Molson_Hart @Laloramas and
.. many of those only exist because of protectionism. Ex light truck building.
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Replying to @mgirdley @Laloramas and
You are 100% correct. There are a few non-governmental holdouts: 1. High shipping cost products (think blow molded kayaks) 2. Products China doesn't know how to make yet, a shrinking group 3. Some luxury goods (honestly though China will be better soon) I'm forgetting some
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Replying to @Molson_Hart @Laloramas and
great list! alcoholic beverages come to mind as well.
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Most alcohol is luxury/government regulated. Food/cosmetics though, while regulated, are made here not because of regulation. A lot of what we eat is automated or relies on low-wage labor anyways (seasonal workers).
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