Comment by ccorcos

>I liked Sowell's book, "Wealth, Poverty and Politics". Can you recommend one of Piketty's books?

I'd say start with Capital in the Twenty-First Century by Thomas Piketty. Its a great read, if a bit thick (its a very large tome indeed and very information dense)

>Is that necessarily true? The US has abundant natural resources. Tesla could be mining lithium a few hundred miles away from their factory instead of importing it...

Its about access, cost, amount, etc. One company getting lithium is a rounding error. The entire market for lithium is bigger than Tesla and even electric cars. Then there is the entire question of how fast you can get the lithium online. Its not like most (if any) of the businesses reliant on lithium - which again, more than just auto makers certainly - take in raw lithium and produce something with it. It is typically pre-processed depending on its use. So that needs to come online too. Also, is there enough of the US workforce that can get this material online quickly? We're talking years before something comes online in sufficient quantity to be meaningful, let alone replace other sources.

Then you have to ask how much of the given resource do we even have? Whats the quality? Not all lithium deposits are the same, after all.

And many more questions I am not likely thinking about, and this is only in regard to lithium. Think about the raw materials for everything in our lives - gold, silver, uranium, iron etc. and you'll find in more cases than not its simply unfeasible to start mining & processing it in the US, you will have to import it.

Your idea of what this takes is, frankly, a bit too simplistic to be realistic or useful until it answers all of these kinds of questions.