This is a great article because of the message and it’s potential to deliver an important message to a large audience. That said, reading Dans longer pieces is recommended. They flesh these concepts out in greater detail.https://twitter.com/danwwang/status/1258796204743245824 …
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If we want to restart manufacturing in this country, we need to change the laws of the United States to allow manufacturers to profit from their manufacturing. There’s no money to be made now competing against state support, cheaper, better supply chain, China. Full stop.
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Replying to @Molson_Hart
Are you advocating that the government subsidize the cost of manufacturing? It seems to me that US manufacturing cost is high because of the cost of labor. What other factors are there?
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Replying to @yemi_uc
Not necessarily. There are many obstacles to manufacturing in this country which are not the lack of subsidies. - crazy high currency exchange rates - lack of universal medical care for citizens (meaning manufacturers have to pay) - unhealthy population (obesity diabetes)
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- regulatory interference At the very least we should be making essential goods here like rare earths, medical equipment, high technology, etc.
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