Comment by aaronbaugher
5 days ago
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.
5 days ago
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.
That's why the manufacturing companies did it. The politicians allowed it because it was meant to make the world more peaceful and prosperous. Which it did, really.
The biggest impediment is the misallocation of capital and the lack of regulations controlling corporations.