5. Reindustrialize our nation. Because the factory floor is in China, we miss out on all the innovations that happen there.
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Of course. Just joking. I do like your thread. One thought I had was around comparative advantage. I think America should be trying to build more of what we’re good at and less of what others can do better. Trying to make textiles here for example is dumb. Does that make sense?
I would say yes and no. As a country we need to have some textile manufacturing. Otherwise we will literally not know how to sew masks right? We can’t forget how to make clothes. If possible I’d like to see at least the fabric get made here. Those machines are very complicated.
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We could maintain a luxury textile manufacturing sector (we still sort of have one) and then send that fabric down to Mexico etc for the cheap stuff. If we do comparative advantage only, we will end up with a country that just makes agricultural products, cinema, and finance
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until the almighty dollar goes. Manufacturing is super important for technology and for employment. Some people in the US can’t work any other job. If we do the comparative advantage thing nothing will be made here except the biggest most difficult to move stuff.
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