Comment by jimbob45
5 days ago
This weird demoralization has to stop. We went to the moon in less than 10 years from beginning the Apollo program. It’s less than 10 years to build a nuclear power plant on average. We deployed the COVID vaccine worldwide in less than one year. Manufacturing is not that hard. If we want to do it, we can do it and we can do it quickly.
True. The biggest impediment to increased manufacturing is the pile of onerous regulations, many of which were created by the stroke of a pen since 2008, and which can be removed by another stroke of the pen.
Do you have any substantiation for either the point that onerous regulations are the primary impediment or that most of these have been created since 2008 (by fiat or otherwise)?
It's always going to be cheaper to make things in places where labor costs and environmental responsibility expectations are low.
> It's always going to be cheaper to make things in places where labor costs and environmental responsibility expectations are low.
Yeah, offshoring was mostly about driving down costs by laundering labor and environmental law.
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The biggest impediment is the misallocation of capital and the lack of regulations controlling corporations.