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Porsche-O-Phile Porsche-O-Phile is offline
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Join Date: Feb 2004
Location: A Rock Surrounded by a Whole lot of Water
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I've been saying this for years.

We DESPERATELY need to find ways to restore our industrial and manufacturing bases (which incidentally have largely been stolen away by China deliberately over the last several decades - systematically and methodically through their pegging of the yuan to the USD).

We produce nothing of value to the ROW anymore. Our choices are (1) either start doing so or (2) take ourselves out of the "global market" completely and produce solely for ourselves as an isolationist economy. Or some combination.

I suspect we'll never become self-sufficient enough to REALLY insulate ourselves against the influences of the global marketplace, so we simply MUST start finding ways to manufacture and build here in the USA again. There is some hope for this in agriculture, in high-technology, in pharmaceuticals, in certain intellectual properties, but that's about it. You simply cannot have a "service economy" long-term. You need to produce things (tangible things) in addition to services.

The only things I've seen really "manufactured" here in the USA anymore for the last 10-or-so years have been military hardware, aircraft (undercut severely by Boeing and Embrair lately) and housing/construction. Well the military is being slashed, airplanes are (as I said) being undercut by cheaper/subsidized foreign competition and construction is in the toilet, not about to return anytime soon due to over-speculation and resulting overcapacity in real estate both residential and commercial. So what can we build that the ROW might actually want?

That's the $12,000,000,000,000 question.

As I said above, perhaps there's some potential in the agricultural sector, in high-tech (engineering, although the actual manufacturing will almost certainly be done overseas), intellectual property/entertainment (although that's starting to be "outsourced" now too due to too much regulation/union deadweight/cost here in the US) and possibly in pharmaceuticals (although nationalizing healthcare would undoubtedly impact that industry dramatically).

Suggestions?
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Last edited by Porsche-O-Phile; 10-04-2009 at 06:35 PM..
Old 10-04-2009, 06:31 PM
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