6. Stop all immigration but merit-based innovation. No more chain. No more lottery bullshit. Just take the best and brightest. Make America a multicultural melting pot of the brightest minds the world has to offer in the best location on earth.
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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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China has a huge comparative advantage for it: - better math education (or results) - same for science - culturally suited - less creative (important for the doing part of mfg) - more hard working - better govt policies - proximity to other manufacturing powerhouses (Japan, SK)
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New conversation -
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Here is a different take on comparative advantage, in case you are interested: https://dx.doi.org/10.2139/ssrn.3095473 …
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