this exact 'cottage industry' you speak of is what existed in north america and started little conpanies like Apple, etc.
The sad fact that we lost all of these because of the entire electronics supply and design chain moving to Taiwan and China, is why we are where we are. These barriers might bring some back, who knows.
Ultimately global open borders, for goods and services, had their own issues. For example open competition between free market economies and centrally planned economies creates rather obvious advantages of scale that are skewed...
> The sad fact that we lost all of these because of the entire electronics supply and design chain moving to Taiwan and China, is why we are where we are. These barriers might bring some back, who knows.
And yet almost all the actual design was still happening in the U.S.
It’s almost like the origin of the components didn’t matter. Access did.
And even if the origin might have shifted the fact that access increased made Americans stronger in Tech not weaker.
Right now, we don’t have origins of manufacturing nor access. Even if some parts of the industry does reshore to the U.S., the access will still be limited primarily to those parts of the industry that re-shored and even there access would be lower due to higher costs.
It’s incredible how America had the fastest growing major economy, was the leader in nearly all the industries of the future, has insanely high per capita income that continues to grow, and decided to throw all that away all because it refuses to undo the decisions that allow all that growth in wealth to accumulate with a tiny minority of the country.
I agree entirely with what you said. To extend on your point, we _want_ the higher order manufacturing here. Not the lower order.
Think for a second. Would you rather there be a new aluminum plant in the US? Or would you rather there be another successful airplane manufacturer. In no world does prefering the aluminum plant get you anywhere close to the same GDP of a airplane factory
We want both. We don't need nearly enough airplanes to employ everyone assembling airplanes. The airplane workers and engineers being in close contact with the aluminum workers and engineers will enable innovation from both. And if it becomes harder to get aluminum from another country, having the domestic plant means we can keep making airplanes. But of course Trump's senile "plan" will get us neither.
Was there a real example of centrally planned economies after the fall of the ussr? More like centrally guided: Korea, Japan, China are all equally good examples.
Which is where? A country outpacing everyone else in growth and recovery after COVID?
This assumption that globalism = bad because we don't have people assembling electronics for $10/hour is strange. Does some of that need to be reshored for national security? Definitely, and that's why we have the CHIPS act but Trump is trying to kill it so I'm not really sure what these tariffs are trying to accomplish and I don't think this administration does either.
The sad fact that we lost all of these because of the entire electronics supply and design chain moving to Taiwan and China, is why we are where we are. These barriers might bring some back, who knows.
Ultimately global open borders, for goods and services, had their own issues. For example open competition between free market economies and centrally planned economies creates rather obvious advantages of scale that are skewed...