Comment by overfeed

> The real story here is that IP ownership is capital-intensive when it shouldn't be

The backbone of the US economy are services and software, which depend a lot on IP. Deliberately or not, "low-value" American manufacturing was sacrificed for these high-margin industries[1]. AFAICT, it's impossible to turn back the clock on manufacturing without disadvantaging US software/services both on the legal regime and trade fronts

1. Which is why SWE salaries are higher in the US that RoW. I don't think trading high-salary service jobs for low-paying manufacturing is a good decision, but lots of people - including the current executive - think they can get it all. My working theory is Europe and China are not dumb and without agency and are just biding time for decoupling, should their manufacturing industries be undermined by US policy.