📊 If you appreciate our work, please leave a comment, thumbs up, or both. Your help will improve the algorithm and allow this video to reach more people on TH-cam. 📌 Support GTBT on Patreon! www.patreon.com/GTBT ➡ Paypal: www.paypal.com/paypalme/GoodTimesBadTimes
What should the number be then? I work in and around the city (Detroit) every day. Buildings are going up everywhere. Old plants and factories have been coming back to life all around me, for 12yrs easy.
@@darickhibbert1624 the city has an section 8 shortage and they say it's needed for more than 30% of the city. Does the city still have an income tax and the same administration that destroyed the city? I know everyone wants to look at things in rose coloured glasses but it's nowhere close to what it was and when you factor for inflation no reason to think it ever will be. In the 80s the average household income was like 60k+. It's like half that or less now and then money is worth less than half so it's really closer to 10-20% of its former glory just off the numbers.
@@RaysNewLife 60k+ in the 80s? Your dad must've had a trade or been a boss? That ain't what I made on the line in 91 doing 10hrs 6 days through 95 for that matter. I do plumbing now. I'm all over town (like I said). I'm in those buildings, brand new factories or 200+yr old houses. We're never the only trade there. Those ain't rose colored glasses. I'm also not arguing. I think the people who put this video together did a good job of it and published it at a time it needs to be heard.
I’ve been following the trends, and companies tied to infrastructure and clean energy seem to be booming. But it's tricky. You don’t want to dive in without a solid plan
Exactly. Industrial growth is great, but knowing how to position your portfolio to benefit from it is the key. That’s where wealth management comes into play-timing, the right sectors, and long-term strategy
For sure. I’ve been fortunate with my investments over the last few years, and a lot of it has been because my advisor, Joseph Nick Cahill, really understands these shifts in the industrial space.
As a CNC machine operator in a factory that is over 1m sq ft in the US, I am SO very excited for the future of american industry. Im in a less exciting sector than those cool kids making processors, yet i am still in a very important sector, the industrial heating and air sector. Our machines will be cooling those megafactories being built in the US, and worldwide. Very exciting times!
I’m a professional metal fabricator and have had lots of conversations with myself about how my skills shouldn’t die. Grew up and learned my trade in south east Michigan which is a tough market. I’ll be happy to teach the new fabricators.
@yasmada5 I would love to have someone with your mentality at my company. To be frank my company is not really that great in terms of how they treat me, but since I don't have enough certifications yet, I am paying my dues I guess. I really don't like that mentality. I think that if the person has the aptitude, the motivation, and good attendance then to the moon they should go.
As a construction worker in Alaska I must say, there is so much work in expanding our infrastructure up here for both oil and industry you literally can't be unemployed unless you tried. It's insane how easy work is to come by. It's amazing to see my country reclaim what my grandfather helped build in the 1930s.
I'm next door in The Yukon. Alaska is the most beautiful part of America! And Alaskans have been some of the nicest people in the world that I have met! I can be to Skagway in 2 hours drive, except I don't wanna take my car over the border. ,might be a roach long forgotten under the seat cushions 😂
About time we factored in all the benefits of producing something inside America i.e., jobs, workers spend wages in America, infrastructure, national security, R&D within the country, less travel, more exports, less reliance etc. rather than just the cost of making and shipping a product, not to mention quality; if the free market and companies can't do it, Gov should step in (the same applies for Britain where I'm from, we've just sold our steel making companies an absolute disgrace)
All those "benefits" simply mean smaller profits for corporations. And the supreme court has ruled that corpoetations should try to make as much money as possivle
The idea that everything produced in China being of lower quality is outdated by at least a decade. That being said, there's of course reasons to revoke the current world trade order when It's painfully obvious that not all countries are obeying the rules. Same goes for global warming. I see no reason why a country like Norway should have to decrease their pollution levels when India and China with their massive populations don't care.
It has, and always will be in a capitalist system, a race to the bottom since corporations will act in their own self interest as opposed to the interest of society. Anti homeless measures for your building alone is much cheaper than providing housing, mental health services for the mentally ill, healthcare for the chronically ill, better disability services, and everything else that would be needed to help actually reduce homelessness for everyone. Similar for the environment, health issues that arise from pollution and pfas, outsourcing, etc. We have to legislate these things to make sure everyone is on the same playing field and no one can gain an advantage for the negative externalities that are created when they are trying to cut costs.
It's wild how massive super factories and industrial/tech parks can pop up in the middle of nowhere USA in a few short months with thousands of people working there alongside hotels, stores & services etc.
I grew up in Cleveland and my childhood was basically 1998-2012. I saw firsthand alcoholism, depression and poverty brought into the communities of good people because suddenly the jobs everyone had were gone. Not to mention the Browns.
@@blizzard1198 the browns are essentially an organization designed to torture every person who lives in Cleveland. Don't learn about them. There is no going back
Well, I picked the challenge to put my finances in order. Then i invested in cryptocurrency, stocks, through the assistance of my discretionary fund manager
The Jones act..... Peter Zehan has a whole diatribe on this. This is largely a union negotiation issue. And likely wont resolve untill years from now. .....
The problem with the declining vs ascending empire statement is that China's empire is also declining, in some ways much faster than the US. Population, for example. Who would've guessed that forcing families to limit child numbers by violent force would've led to a population crisis? Shocker.
Taiwan, Japan and South Korea all have very similar demographics without the one child policy. Even as it was lifted it hasn’t really changed things. The economic reasons were just more Important.
The "trickle down" crime syndicate is doing the same thing here in America with their draconian State-Forced FAKE "pregnancy" insanity. Violent state force to try to get "free" labor slave labor for the filthy rich. State forced "pregnancy" is same exact "great idea" as the "one child policy" both FALSELY believe the State "owns the womb."
Keep in mind when it comes to chips. Only 3 countries designer them, Japan, Germany, and the United States. Taiwan does not design any of them. The etching machines needed to make the chips are built in the Netherlands.
@steffengrossmann169 Unfortunately for Germany, they didn't have any kids. So there's no more young minds for creativity. That's why German technology has been stagnant for years.
1) GB and Second Reich were in a classic Thucydes Trap. The US should avoid falling in it with China! 2) Explosive demographic growth and emigration from Europe to US was a huge advantage 3) Natural endowment. The US had the natural endowment necessary for everything, including oil, which Europe never had much of. Re-industrialization means everything will be more expensive; that's the cost of decoupling to gain more resiliency and security. This somewhat painful reality is not openly talked about but IMO was going to happen anyway because of resource constraints, political instability and the growing long-term effects of climate change. Silver lining: The increased costs of re-industrialization are relative, somewhat mitigated by demographic decline in China, etc. and increase cost of energy input as more people compete for limited amounts. The North American system has an abundance of resources to make the transition easier.
Even if goods to become more expensive isn't that somewhat offset by bringing back better paying jobs? So ya stuff might cost more but people will be able to afford more. Unless these jobs don't pay well.
@@HarryMonnthis is optimistic. With how much leverage the current capitalist system has over the government, it wouldn't be surprising if the government has to force every optimal step for national security along the way at taxpayer expense until it's achieved
In the 90’s and 2000’s our politicians forgot what made the US the world power. It wasn’t our diplomatic corps, it wasn’t our network of allies, it wasn’t our form of government, it wasn’t our freedom, and it wasn’t our military… When you get to the root cause why the US became the most powerful nation in the world, it’s our Steel. Our industry has been what we’ve relied upon when shit goes south. The US is a giant. She’s slow to respond, but nearly impossible to stop.
Globalisation was a (successful) attempt to contain and economically isolate the Soviet Union. The United States didn't profit from it, they sacrificed the most of their industry to maintain the status of the world hegemon. But now this threat does not exist anymore and the world order will start to deglobalise. Geopolitician George Friedman wrote a book on this topic: The next 100 years
This one is personal for me. I grew up in Ohio where I watched the steel mills close. I got my engineering degree and then moved to Texas and California because that is where you could get work. It wasn't available then. I hope to leave California; return to the Midwest and bring some jobs with me when I start a company there.
To be a major power, you need vertical economic integration. The US is a power bar none in agriculture, has almost limitless mineral resources, and a thriving services sector... but proportional weakness in the material industry that lies between resources and services is unforgivable, _especially_ that it should have been surrendered to an expansionist authoritarian country like China. It's long past time that was rectified.
😂 This is NONSENSE. 1) The US lacks a STEM base . 2) The US lacks the necessary supply chains. 3)The US government and leadership LACKS genuine scientific knowledge and understanding. 4) IT'S all financed by BORROWING and DEBT. Just like Build back BETTER. Its is just POLITICAL posturing.
Uh... No... UK free trade? What ALTERNATIVE Lying universe are you/he living in? UK were MERCANTILISTS you FOOL. Their empire did NOT allow trade in. The USA set up free trade during WWII and FORCED the UK/France to join as part of Lend Lease Deal. The so called "economic growth" he has shown is 100% inflation due to rampant spending by Fed government, not industries actually building anything. The great depression was caused by UK(biggest empire in the world) arbitrarily changing the gold standard by ~50% which means their goods were now cheaper and their loan value to USA banks was now cut in half. There are so many glaring HORRIBLE inaccuracies in this video is may as well be an alternative universe.
I graduated in 2009, started my machinist apprenticeship, which I finished in 2013. I eventually bounced between shops for 8 years before giving up. Simply no good paying jobs left in my area. I sell furniture now.
This video is BS the amount of people I've met that work in a factory is almost zero. Unless you are a firearms or aerospace guy there is very limited work. Appliances, cars, toys, clothing, furniture, etc are barely made in the US.
@@Bagginsess US labour is just too expensive. High value add industries might move back to US but a lot of low tech labour intensive industries are gone for good. It makes no sense to manufacture those products in the US.
@@alburaq3290 it would make sense if we had healthy tariffs. A country doesn't need to make everything but when clothes and stoves are made abroad you have failed as a society. In WW2 the soviets could did not have enough boots and we had to supply them, well we virtually don't make any boots now a days so you can project how well that might go in a future full scale war.
@@Bagginsess I don't think low value manufacturing like textiles would be feasible in the US. It's too labour intensive and very low value add. Most of the profits is in designing and marketing of clothes not manufacturing. Do you really want simple things to get 2-3 times more expensive?
@@alburaq3290 lets rephrase the question since you come at it from the point of view of an immoral CEO rather than the worker/consumer or a moral CEO: would you rather there be more well paying jobs so that you can afford to buy better quality goods? I make boots and Bob makes stoves. If I go buy cheap stoves from Santa Claus Bob makes no money. If Bob makes no money he can't buy my boots. If no one buys my boots I can't afford to keep making boots. Now both Bob and I make no money because everyone buys from Santa Claus.
Good news. Reindustrialization and revitalizing mining within the US are necessary long term solutions to US's self sustainability which needs to be balanced with ecological efforts. Whilst it may be at the expense of some of it's allies, it's crucial that the US must first be stabilized.
Also, while I am pro US and pro American factory & manufacturing and absolutely don't agree with China building all our stuff, especially critical equipment, supplies and infrastructure, it should still be open to allies, most things anyway. Building supplies, ok I get that, lumber, steel, concrete, essentials. But we don't need to be too protectionist as to piss off and drive away allies either. One day, when we reach the ideal world we want to live in, everyone in every nation will need to make a living
i work in the detroit area in a field related to domestic manufacturing and the job outlook is bleak, domestic layoffs/cuts are happening, and outsourcing is rampant. this video is a few headlines stitched in with a 50 minute history lesson.
@killap3nguin True but we are decoupling from China and building our capacity in the mean time. We became a industrial power for a reason those reasons still exist. We outsourced our industry for the sake of global peace post war but the world is changing and we are going back to default mode. Don't be a negative Nancy..lol
the Intel project outside Columbus is probably going to fall through. Maybe Buffalo should give them the property they were going to give to Tesla instead.
Anecdotal but until I can buy a set of tools made in the USA that doesn't cost $600 - I'm not going to agree that US industrial power is back. Tool manufacturing is I would say is a fairly clear indicator of manufacturing prowess and our inability to make affordable US made tools shows me we still have a ways to go.
I don't think so, majority commodity and supply chain is in the BRICS hands, the basics of industrialization. And now BRICS trying to bring their own commodity market that doesn't rely on western to dictate the price for their commodity.
Capitalism isn’t the enemy, it’s corporatism. Eventually American companies realized they could form into conglomerates and corporations and simply make themselves more profitable by outsourcing jobs and paying it’s government to allow them to do so and become more dominant and profitable, which by effect has allowed them to become complacent and is the reason you’ve seen over the past 30-40 years innovation and productivity, as well as growth spurred internationally and not on US soil.
Trading with China helped real people there to improve their lives. The issue is really the xixipee, but without that China could be like any other great country
You built up Chinese manufacturing ? , God the delusion 😂 You only broke your manufacturing with high wages and neglectance whereas China was building up infrastructure to manufacture. Germany exports/imports - $1.7 trillion/$1.3 T respectively even after being a developed economy so the excuse of "only high wages" won't work.
@@dunnowy123The economy is controlled by corporations and the bourgeoisie, the state is their employee. They did this to make more money at our expense. We were never a factor, only financial and industrial elites. Expanding your operation is limited in how much profit you can make, eventually your competition catches up and overall the mass production suppresses prices. The only other choice is to reduce the pay of all workers. Not just the workers in your facility, but the workers of the facility that makes your equipment. The rational American doesn't go for that, they protect themselves with strikes and unions. The only other choice then, is to go to a desperate country to exploit workers with less protections. Of course, society doesn't need a profit motive when things are automated and mass produced, but that would greatly reduce profit and thus power of the industrial and financial bourgeoisie.
The damaging effects of stagnation cannot be overstated enough. I currently work on a ship produced by Philly shipyard, and it’s a mess. The design was terrible, they attempted to cut costs in the stupidest ways possible, they delivered it a whole year later than expected, and it’s becoming more and more obvious that they used the entirely wrong parts for certain systems! Worse yet, they drew their re-industrialization blueprints from the Koreans, so they tend to favor their Korean contacts whenever they need parts or designs. Korean safety standards favor saving the machine instead of saving the operator, which isn’t appreciated on the high-risk environment that is the maritime industry. The so called “Ship” produced by Philly Shipyard can’t ever cross the Atlantic, because it keeps breaking down!
Detroit is going make a major comeback because of the opening of the long-overdue Gordie Howe International Bridge in 2025. Finally, goods trade can now smoothly flow between Detroit and Windsor, Ontario without the horrible bottleneck that is the Ambassador Bridge.
have you heard of NATFA? a huge percentage of those middle class manufacturing careers went to Mexico because of the free trade agreement. you're literally only talking about east Asia.
America is literally the only nation that can provide almost all of its own needs (food, fuel, electricity) without the worry of supplies being cut off, Europe, and Japan can't even compare to this. If we can ever get our head out of our A$$es and make structural changes that will help every one, and retool our workforce we can continue to be the only global power on earth
You bring up a good point about the dollar. When the dollar is backed by a strong world leading economy all other options are far less desirable. All problems go away. Immigration? Social security? Inflation? All those issues are fixed with a booming manufacturing sector.
Thanks for your breakdown and description of what is going on structurally in the US economy, how and why as well as your look at past economic policies in several other countries.
I just want to say this is a spectacular work, very well balanced and very well done. This is the kind of documentary that I love sitting down and listening to because it is so thought provoking and insightful. Any time your channel publishes something I immediately jump to it, and it's usually a great listen while at work. Also, I hope the 54 people that live in Nashville Kansas enjoy the shutout on your US map among all the other major cities. :)
“Every gun that is made, every warship launched, every rocket fired signifies in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children." "The cost of one modern heavy bomber is this: a modern brick school in more than 30 cities. It is two electric power plants, each serving a town of 60,000 population. It is two fine, fully equipped hospitals. It is some 50 miles of concrete highway. We pay for a single fighter plane with a half million bushels of wheat. We pay for a single destroyer with new homes that could have housed more than 8,000 people." "This, I repeat, is the best way of life to be found on the road that the world has been taking. This is not a way of life at all, in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron." -President Dwight D. Eisenhower, 'A Chance for Peace'
@@timothyrockwell2638 But without the US military might, the world would be far less peaceful. The threat of war has been mostly absent for many people since WW2, but it used to be part of daily life. Europe is full of remnants of fortified city walls and castles awkwardly located on hard to reach hill tops because for thousands of years nobody could even trust their neighbors.
it's interesting how a lot of people have been talking about how the west should remove regulations to be able to compete with the cheap 3rd world countries, while the real solution should be just to discourage slavery, poisoning of the enviroment and the like instead. i think this needs more political efforts.
I really enjoyed this episode. Usually, I'm not too fond of hour-long videos but this kept my attention to the end. Thank you for putting in the work to make this.
Yeah its not all about market returns achieved thru cheap labor. We want a trade surplus being part of what drives the influx of wealth. Get cheap resources, create value through capital and labor, sell at premium. Basic econ that increases GNP AND GDP. Efficient manufacturing is hard, which I suspect is why outsourcing seemed so attractive. I used to think tariffs were a terrible idea, but now I see why we sometimes need them to counteract shortsightedness and laziness.
Targeted and specific tariffs can be good, but widespread blanket tariffs like the 10-20% tax on ALL goods coming into our country is absolutely horrible for our economy.
@@ronald3836 that's where a targeted tariff works wonders. A massive markup on all Red Chinese goods entering the country makes American goods seem cheaper, and with clear quality differences, we can easily outcompete a global bad actor
@@steviechubbs5238 But more expensive goods will decrease overall wealth for Americans. Even though many people clearly suffered when factories moved to China, overall it was a clear win economically. (I'll admit that reducing the dependency on China has strategic advantages, though.)
@@ronald3836 it has EVERY advantage though. Yeah, sure, cheap slave-made Chinese plastic is going to soar, until they can set up their factories in Mexico or the US, in which case those products which do survive are going to suddenly get a whole lot nicer
Recent domestic economic and demographic trends in China have me convinced the likelihood of the Middle Kingdom surpassing the US as the world’s unipolar superpower is slim. I think your analogy with 19th century Britain, Germany, and the US is more akin to the dynamics between the US, China, and India, respectively. The US is acting on the economic threat posed by China earlier than Britain did with Germany, but China’s rise has been much faster than Germany’s was, and to a certain extent, their momentum has quickly burned out. If the US was the unseen third party that rapidly surpassed both superpowers because it was able to exploit domestic resources at greater scales than the two dominant powers, then depending on India’s developments in the next decade, the analogy could better indicate where India is headed while the US and China squabble. Now that doesn’t mean I’m saying history determinines the outcome of events yet to come, as India has to REALLY course correct if it wants to leverage its advantages the way the US did at the turn of the 20th century. But if it could fully activate its workforce, industrialize its agricultural sector, and weed out corruption, among other issues, India does have a lot of potential. That being said, I think anyone who has seen the last 5 years of global GDP growth data can say the US is doing very well for the time being.
India DID place a nice probe on the moon for much less than anyone thought was possible. Like, less than 100 million I believe. Plus there's a lot of confidence and patriotism, I think the talent is there for sure. But at the same time, it's more diverse than the USA was back then, there's many obstacles to overcome and it's not clear that the government will manage it
India also isn't alone on its subcontinent, with a perfect rival and enemy within arms reach; Pakistan. It's like if I'm Taiwan had 200 million people and nuclear weapons
@@monkeeseemonkeedoo3745 yes industrialising from scratch like China/South Korea is not easy at all. The world will get the answer whether she will succeed or not in the next 10-15 years
@@steviechubbs5238 This is true but Pakistan doesn't block India's access to the Indian Ocean. The country will have a much easier time flexing its naval muscles than China will due to it being much less crowded and its geography. I think Pakistan mainly poses a problem in limiting India's access to Central Asia and to a lesser extent the Middle East though its clout in the latter has been growing tremendously.
“Never before has a declining empire beat an emerging empire” I feel like this is not true lol. But the emerging empire that was defeated goes into obscurity
It's a question that's only technically true with the bias of hindsight and playing around with definitions. If you look through history and define 'declining' as the period after they've had their last major victory, then the statement would be definitionally true. If you also only include 1v1s (or near 1v1s) then it gets a lot trickier, because I'd say WWI and WWII certainly counts both times as the French and British (declining) beating the Germans (emerging), with WWI also featuring the Austrians (declining) beating the Russians (emerging?) and the Crimean War included the Ottomans (declining) on the winning side against Russia (emerging). The best examples I can think of probably involve the Byzantine Empire. They had a very prolonged period of decline where there were a lot of wars that involved back-and-forth with upstart powers, with the Byzantines eventually being defeated by the Ottomans after several centuries of land swapping hands.
@@adamperdue3178 I mean in WW1, Russia was sort of stagnant no? Their population was booming but they were poor and less industrialised. It was only under Stalin and post WW2 did they really emerge.
@@NoMustang273 Under Tsar Nicholas II, Russia was growing and modernizing rapidly. Between 1894 (when he became Tsar) and 1914, Russia's GDP more than tripled, much of it due to political reforms, industrialization, and technological progress. Russia also made a lot of changes to the structure of their military after the 'humiliating' defeat to Japan in 1905. The main reason that Germany was eager to let Austria-Hungary start a war, was because Germany was worried that Russia would outpace them if they waited just a few more years, and that Russia would be impossible to contain.
Actually, the unions are the ones to credit for forcing American manufacturing overseas. Union greed and belligerence left the companies no choice but to do whatever it took to escape having to hire WAY overpriced and low skilled, low productivity union workers. When a barely literate Third world person who has almost zero familiarity with any kind of technology is able to do your job as well or better than you, you should be ashamed every time you claim to be underpaid with your fat union scale wages and obscenely high benefits. I support bringing jobs back to the US but only if they are non-union. Everything the union touches, it destroys so keep the manufacturing in China if it's going to be a union job in the US.
@@itsmatt2105 Yeah......... Demanding minimum wages and human dignity is too much. Unions don't have to be there, the mere fact that an American citizen can demand a higher wage than a rural Chinese man, while doing mainly the same work means that companies will go there. You blame Unions for "greed" and "forcing" companies abroad. They didn't, and this only spreads anti unions sentiment helping multi billionaires and millionaires to avoid paying their workers fairly or even treating them with basic human dignity.
"dirty corporations" 🤣 If they didn't go, they would have lost the battle later against companies that did manufacturing in China. The problem for America is/was there are countries like China who can produce way cheaper goods. This means the USA needs to solve the issue by making manufacturing better in the country instead of crying "they stole our jobs 😭😭". They got better than you at manufacturing, that's why your manufacturing declined, bitter truth.
@@itsmatt2105 this would hold up if it was always just unions, many companies that didn't have unions outsourced anyway so your argument is mostly hot air. The corporations just wanted to save money, they never cared for American workers or even the country itself just the bottom line, recently Raytheon committed treason selling secrets to the East for profit these corps become so big they don't care about their origin country anymore.
Even if companies do automation at scale, I think it will still be an uphill battle to onshore manufacturing - even in strategic sectors. Labor costs can still be a significant aspect to growing industrial production
You garbled the story of Bessemer converter and phosphorous. Phosphorous makes steel brittle. Perhaps Bessemer got superior steel because his pig iron was LOW in phosphorous and thus he got good steel even though the Bessemer converter, which has trouble with phosphorous did not have to remove what was not there.
If you look up Manufacturing data, you can see that the US Manufacturing sector is not expanding at all. In fact it is still shrinking as a percent of total GDP losing ground to services. This is all basically speculation as of yet that things will somehow improve. Hasn't happened yet, nor is there any strong evidence to suggest that it will.
Nah it increasing I'm here in texas and see it in action in working on the construction site for these big mega factory its just not in your area you need to move buddy I'm getting payed 3k per two weeks its not even funny keep doubting our country trash can
I love the title, just like i love my country. I was first born American from immigrant parents who came to this country for a descent life and future. I was born and raised in this country and i had a beautiful upbringing. We were not rich, my parents worked six days a week since i can remember. My father has since passed, but I THANK MY BELOVED COUNTRY FOR GIVING US HAPPY MEMORIES. Thank You God Bless you and God Bless the US🇺🇸
Peter zeihan predicted nothing. We’ve known this was coming for a long time. Zeihan talks total crap. He’s no different to a cult leader predicting the date of the end of the world. Every time he gets it wrong, you all just ignore it and focus on his new predictions.
@@hudooguru2 you miss the point. Most of the things he’s right on are things that are very obvious and anybody who’s been paying attention saw coming. But in the much longer term his viewers simply ignore all of the predictions that were well off the mark. And then they point to the few times he was right and act like he’s some fortune-teller.
@@Zei33 he may seem like he's talking nonsense most of the time but that was his job. hit or miss, his going to keep on talking, yeah, his analysis may be wrong most of the time, but he's providing contexts and has a basis for those analysis, so, sometimes he predicts stuffs accurately, but because he's just as human as us, he's still prone to information blindspots which throws off his analysis and may come off as nonsense. He's good with general stuffs because information is abundant in those topics, but in hyper specific stuffs take him with the grain of salt but you should still listen to him since he's still speaking based on some factual informations not available to us.
The fact that tariffs back then pushed out German products from the US and made their economies less intertwined might be a warning about the long term consequences of protectionist policies.
Everybody talks about goods becoming more expensive but isnt that somewhat offset by bringing back better paying jobs too? Unless these jobs dont pay well.
Jobs better paying than what? Better paying than Chinese jobs, sure. But are well-paying manufacturing jobs realistic if you have to compete with China? Not clear at all. As to whether it is a good thing to have those manufacturing jobs in the US, this depends on what the factory workers could otherwise be contributuing to the economy. Of course if you shut down many factories you will end up with a lot of factory workers without job prospects, but this is a "one time" cost. The next generation of workers will learn other trades. Bringing back manufacturing now and having it fail once more will just result in another lost generation.
You think factory jobs which went to China & other developing nations will pay good ??? You guys sacrificed low/mid value manufacturing for other high paying jobs which resulted in more economic growth even after having so high per capita. But this caused a problem - VERY high trade deficit. Now you want those jobs back so you are gonna lose your high per capita, you can't have both 🥴
the problem is that companies didnt really lower the prices when they got cheap labor sources, at least in the long term. theyre still charging high prices just with lower input costs, pocketing the difference. so the "wages are too high" argument is largely moot.
@@titolovely8237 I don't think that is true. Some companies just find ways into luring into buying their "special" product that nobody else can offer. Of course if you insist on having the latest iphone no matter the cost, Apple can charge any price they want.
@fly463 what's your source? Who says we got more high paying jobs? I see tons of people working in the low wage service sector. Point is though I honestly don't know if these factory jobs are well payed or not. You seem to be very sure though so plz cite a source.
@@ssssaa2 I'm in the Midwest and just drove buy some of the largest factories complexes. I've ever seen that didn't exist two years ago. The company U work for has already fully pulled out of China. They are now talking about building more US factories rather than expanding the percentage they have in places like Mexico.
@@generaltom6850 lmao! What kind do of question is that? America has most of the raw material it needs. The only obstacle is political red tape and bureaucracy.
Exceptionally well done. Bravo! Oh, BTW--"communique" is pronounced CO-miu-ni-KAY in English. Took me a moment to understand that sentence. Nonetheless, it's an impressive video for someone's 2nd language.
As a Canadian, I welcome a resurgent USA, although I still support our free trade with the TPP, EU, and of course NAFTA. Free trade isn't itself bad but it has to be strategised.
you are forgetting about geopolitic facts, like how close UK was of WW1 unlike the US which doesnt have imperial power sharing it borders, the same goes for whats is going on rn with China, China shares boarders with others such as Russia and India, and unlike the US whom didnt participate on ww1, China is constantly in conflict with it neighbors, this makes a huge different when compare both of them, another big comparison btw the US and UK is how fcking massive it territory is, i dont see China rising anywhere high, in fact what the US is doing is to choke China growth while at the same time growing in its own territory, something all so mighty China can only dream off doing
@@herisuryadi6885 my point is that it not the same type of participation, one is bulling into wars and the other is just seeking it own economic interest, the reason why NATO exist
The activity is unlike I have seen my entire life. When the U.S. sets it's sights on getting something done, they don't mess around. Re-industrialization is very much the focus. On the downside, as a consumer, all that capital investment will keep inflation elevated for the foreseeable future.
@@ronald3836 With the way automation is going, I don't think that's happening and mind you, China is automating their factories at a huge pace and will still have a manpower advantage even if their population is aging quickly. AI entering services and possibly taking jobs will also be a messy affair but might induce a forced industrialisation for the purpose of producing jobs. Environmental costs...yeah, unless they're willing to deal with the consequences it'll be hurdle but I think to some extent at least better regulations and standards will help albeit it will slow that process down.
this is why protectionism in the form of things like tariffs are being discussed again. there's always been cheaper labor sources than the US, but they have not always been used. it's government and corporate policy that changes.
@@DavidCelestialKnightmost list have the U.S. as less bureaucratic than china but not as good as Japan. So yes it could be better. I believe the problem with American companies operating in China is that the government ultimately can take your business away and you have no recourse.
The pmi data has been in the negative since 2022 and the rise in manufacturing was also during the high inflation years of 2021 -2023 , this factory boom has been drive by foolishly high govt spending which is not sustainable all this new investment will be made unprofitable by the decades end if the spending is not kept up , yes American gdp went by 7 trillion since pandemic but govt interest payments have gone up from 500billion to 1 trillion dollars and rising , the debt went from 23 trillion to 35 trillion of anything American debt is unsustainable and will lead to a recession remove the r big tech companies and America stock market has been flat since 2020 if anything this resembles the problems of the 1920s all over again when the govt at that time after the Spanish flu pandemic spend enormously only to have depression in the 30s but this time there is no debt room left to avoid the crisis. No wonder the gold prices are rising to 3000$ by 2026, intel is a classic example it was given subsidies to setup factories in America but 2 years on not only was the subsides not enough but if has lead to Intels stock getting crushed due to massive spending and low profit margins , high income society’s with high debt cannot afford that debt unless they cut spending on other things inoder to afford more debt .the US was fine at the start of the century with 40% debt but that was ruined not by globalization but by the endless wars in Iraq and Afghanistan along with the 2008 crisis with the excess trump tax cuts and now Biden horrible spending all this debt will be come unaffordable long term . Already the US navy is having trouble making warships in the US due to high cost even asking South Korea and Japan to manufacture new ones .
But the US is in a unique position of managing world reserve currency. It can service its debt by printing money and ultimately escape it by decreasing the value of its currency. Provided that it can make the majority of its low income citizens less reliant on imported goods for their daily lives. No other country is in the same position thus most of the economic analogies fail. The threat of replacing the dollar has not so far materialized, and the failure of its major contenders to set up robust legal and financial frameworks has so far been that main reason why.
US industries just aren’t competitive outside of the US except big tech + semiconductor. Everything else is a shitshow. The traditional manufacturing.looking at Boeing, Auto industries it’s pretty much a joke.
Living in a border community, yes, but much of the work done in Mexico is complimented by work done on the US side. Parts manufactured in Mexico are shipped to the US for additional assembly. However this requires free flow from Mexico to the US, when politicians like Gov. Abbott in Texas block ports of entry for political stunts it results in businesses migrating away from Texas.
Right now I am in America and eat applesauce imported from China, watching a Chinese laptop... I doubt that the US can bring any Industrial Power back from China...
Are you distorting US manufacturing capacity internationally? The absolute amount is irrelevant. What is most important is per capita production and value added per man-hr expended.
Because there is no Nashville, KS!? It bothered me too. I’ve been in Nashville, TN for 38 years but grew up on the border of Okla/KS and in Wichita too. I can tell you without a doubt, there’s no Nashville, KS anywhere on that border.
I will give Trump credit for forcing the political classes to admit that offshoring manufacturing has to be reversed. The problem is that he didn’t do a particularly good job of following through on his promises.
He forced a lot out of China. Because the supply chains were already geared towards China, most places just moved somewhere else nearby. Biden extended it back to usa
@@AL-lh2ht Don't try to do whataboutery and accept the fact like a good boy It doesn't matter who came up with what Do you think leaders think of the solutions themselves ? No they are just the face of their party, the solutions are found in the meetings they do with highly educated people
📊 If you appreciate our work, please leave a comment, thumbs up, or both. Your help will improve the algorithm and allow this video to reach more people on TH-cam.
📌 Support GTBT on Patreon! www.patreon.com/GTBT
➡ Paypal: www.paypal.com/paypalme/GoodTimesBadTimes
Just Remember:
The reason kammunist China is the threat to the US it is, is because Wall Street moved US industry to China.
Unemployment of 9% more people than that are on section 8 and food stamps... You really need to consider your sources better
What should the number be then? I work in and around the city (Detroit) every day. Buildings are going up everywhere. Old plants and factories have been coming back to life all around me, for 12yrs easy.
@@darickhibbert1624 the city has an section 8 shortage and they say it's needed for more than 30% of the city. Does the city still have an income tax and the same administration that destroyed the city? I know everyone wants to look at things in rose coloured glasses but it's nowhere close to what it was and when you factor for inflation no reason to think it ever will be. In the 80s the average household income was like 60k+. It's like half that or less now and then money is worth less than half so it's really closer to 10-20% of its former glory just off the numbers.
@@RaysNewLife 60k+ in the 80s? Your dad must've had a trade or been a boss? That ain't what I made on the line in 91 doing 10hrs 6 days through 95 for that matter. I do plumbing now. I'm all over town (like I said). I'm in those buildings, brand new factories or 200+yr old houses. We're never the only trade there. Those ain't rose colored glasses. I'm also not arguing. I think the people who put this video together did a good job of it and published it at a time it needs to be heard.
It’s been gradual, but I think with reshoring and the whole focus on reducing reliance on overseas production, it's becoming more obvious.
I’ve been following the trends, and companies tied to infrastructure and clean energy seem to be booming. But it's tricky. You don’t want to dive in without a solid plan
Exactly. Industrial growth is great, but knowing how to position your portfolio to benefit from it is the key. That’s where wealth management comes into play-timing, the right sectors, and long-term strategy
For sure. I’ve been fortunate with my investments over the last few years, and a lot of it has been because my advisor, Joseph Nick Cahill, really understands these shifts in the industrial space.
He’s been able to guide me into some high-potential stocks without taking on unnecessary risk
I've heard good things about him. Is he more focused on trading, or does he do a bit of everything?
As a CNC machine operator in a factory that is over 1m sq ft in the US, I am SO very excited for the future of american industry. Im in a less exciting sector than those cool kids making processors, yet i am still in a very important sector, the industrial heating and air sector. Our machines will be cooling those megafactories being built in the US, and worldwide. Very exciting times!
I’m a professional metal fabricator and have had lots of conversations with myself about how my skills shouldn’t die.
Grew up and learned my trade in south east Michigan which is a tough market. I’ll be happy to teach the new fabricators.
Awesome news best of luck
@yasmada5 I would love to have someone with your mentality at my company. To be frank my company is not really that great in terms of how they treat me, but since I don't have enough certifications yet, I am paying my dues I guess. I really don't like that mentality. I think that if the person has the aptitude, the motivation, and good attendance then to the moon they should go.
@@yasmada5 This is similar Peter Zeihan prediction
Thank you for your service.
As a construction worker in Alaska I must say, there is so much work in expanding our infrastructure up here for both oil and industry you literally can't be unemployed unless you tried. It's insane how easy work is to come by. It's amazing to see my country reclaim what my grandfather helped build in the 1930s.
Doing God's work building in the cold up there. I can't even imagine.
I'm next door in The Yukon. Alaska is the most beautiful part of America! And Alaskans have been some of the nicest people in the world that I have met!
I can be to Skagway in 2 hours drive, except I don't wanna take my car over the border. ,might be a roach long forgotten under the seat cushions 😂
The amount of jobs means nothing if they don't pay a reasonable wage
Many construction workers try to be unemployed by taking drugs.
If you can't find anyone to pay you a "reasonable wage" that's a you problem @@Hamletbls
About time we factored in all the benefits of producing something inside America i.e., jobs, workers spend wages in America, infrastructure, national security, R&D within the country, less travel, more exports, less reliance etc. rather than just the cost of making and shipping a product, not to mention quality; if the free market and companies can't do it, Gov should step in (the same applies for Britain where I'm from, we've just sold our steel making companies an absolute disgrace)
Just FYI, one of the other side effects of all that growth is inflation. Worth it IMO
All those "benefits" simply mean smaller profits for corporations. And the supreme court has ruled that corpoetations should try to make as much money as possivle
The idea that everything produced in China being of lower quality is outdated by at least a decade. That being said, there's of course reasons to revoke the current world trade order when It's painfully obvious that not all countries are obeying the rules. Same goes for global warming. I see no reason why a country like Norway should have to decrease their pollution levels when India and China with their massive populations don't care.
It has, and always will be in a capitalist system, a race to the bottom since corporations will act in their own self interest as opposed to the interest of society. Anti homeless measures for your building alone is much cheaper than providing housing, mental health services for the mentally ill, healthcare for the chronically ill, better disability services, and everything else that would be needed to help actually reduce homelessness for everyone. Similar for the environment, health issues that arise from pollution and pfas, outsourcing, etc. We have to legislate these things to make sure everyone is on the same playing field and no one can gain an advantage for the negative externalities that are created when they are trying to cut costs.
@@killzolotit hasn’t been capitalist since the first great war
It's wild how massive super factories and industrial/tech parks can pop up in the middle of nowhere USA in a few short months with thousands of people working there alongside hotels, stores & services etc.
beauty of what made America great - private enterprise
@@BasedAchaemenid Along with government policies to encourage domestic mfg.
Even homes and schools
@@BasedAchaemenid Private enterprise (with a ton of tax incentives, breaks, subsidies) but go off kid lmao
I am in Arizona, legit 3 enormous factories have popped up near me in the last 2 years, with 2 more being built, its exciting to see
I grew up in Cleveland and my childhood was basically 1998-2012. I saw firsthand alcoholism, depression and poverty brought into the communities of good people because suddenly the jobs everyone had were gone. Not to mention the Browns.
Who are the Browns?
@@blizzard1198a minority group that commits more than 50% of US crimes
@@blizzard1198 the Cleveland browns sports team, what did you think?
I think the Browns will be a perennial source of depression for you guys.
@@blizzard1198 the browns are essentially an organization designed to torture every person who lives in Cleveland. Don't learn about them. There is no going back
How do most of you guys still make profit, even with the downturn of the economy and also increasing life standards?
Well, I picked the challenge to put my finances in order. Then i invested in cryptocurrency, stocks, through the assistance of my discretionary fund manager
This is correct, Beatrice's strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started..
Beatrice O Wendy is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.
@@AbelOcean-gp8roPlease educate me. I've come across this name before. Now I am interested. How can I reach her?
@@LudolfUlrichShe's mostly on FACE-BOOK , using the user name 👇.
In the words of one of the most famous Detroiters, Marshall Bruce Mathers III, aka Eminem: Guess who's back?
Hell yeah
😆 works so well here
THE most famous Detroiter
@@puenoune9316yes, he probably is, although he was born in St. Joseph, Missouri, the starting point for the famous Pony Express!
Madonna
Could you look into US shipbuilding? that is still, no other word, but, tragedy
tragedy is not the right word more like non existent....
@@thephoenix215-po2itThey make Navy ships still
It never existed in the first place, the only time the US had any "real" rate of ship building was during WW1 and WW2.
The Jones act.....
Peter Zehan has a whole diatribe on this.
This is largely a union negotiation issue.
And likely wont resolve untill years from now.
.....
@@neolithictransitrevolution427
And with difficulty....
"it can be put into three words... twenty years of stagnation" 🤣
In polish it was 3 words and he translated it directly without thinking
more like 40 years of stagnation, from 1985 to 2024. But I believe US in on its way to rebuilding the industrial economy.
@@kira-oi2ck that guy is desperate for any "win" he can get hahah
The problem with the declining vs ascending empire statement is that China's empire is also declining, in some ways much faster than the US. Population, for example. Who would've guessed that forcing families to limit child numbers by violent force would've led to a population crisis? Shocker.
Que piensas del t-mec..
They are demographically still ahead with nearly 4 times the people. It's hard to compete with numbers without cheating by printing
Taiwan, Japan and South Korea all have very similar demographics without the one child policy. Even as it was lifted it hasn’t really changed things. The economic reasons were just more Important.
The "trickle down" crime syndicate is doing the same thing here in America with their draconian State-Forced FAKE "pregnancy" insanity. Violent state force to try to get "free" labor slave labor for the filthy rich. State forced "pregnancy" is same exact "great idea" as the "one child policy" both FALSELY believe the State "owns the womb."
Damn even in Alaska you still spew anti China talking points. You're not even a critical thinker you make baaaaa sounds.
Keep in mind when it comes to chips. Only 3 countries designer them, Japan, Germany, and the United States. Taiwan does not design any of them. The etching machines needed to make the chips are built in the Netherlands.
With U.S tech no less.
And german mirrors…. What a bugger… you do have to cooperate at least with a few of us … for now 🤣
@steffengrossmann169 Unfortunately for Germany, they didn't have any kids. So there's no more young minds for creativity. That's why German technology has been stagnant for years.
Did you miss the U.K. being in the chip-design business ?
Did you read about Red China's success using synchrotron radiation to make chips ?
1) GB and Second Reich were in a classic Thucydes Trap. The US should avoid falling in it with China!
2) Explosive demographic growth and emigration from Europe to US was a huge advantage
3) Natural endowment. The US had the natural endowment necessary for everything, including oil, which Europe never had much of.
Re-industrialization means everything will be more expensive; that's the cost of decoupling to gain more resiliency and security. This somewhat painful reality is not openly talked about but IMO was going to happen anyway because of resource constraints, political instability and the growing long-term effects of climate change.
Silver lining: The increased costs of re-industrialization are relative, somewhat mitigated by demographic decline in China, etc. and increase cost of energy input as more people compete for limited amounts. The North American system has an abundance of resources to make the transition easier.
Great logical take
truth
Even if goods to become more expensive isn't that somewhat offset by bringing back better paying jobs? So ya stuff might cost more but people will be able to afford more. Unless these jobs don't pay well.
@@HarryMonn This is similar Peter Zeihan prediction
@@HarryMonnthis is optimistic. With how much leverage the current capitalist system has over the government, it wouldn't be surprising if the government has to force every optimal step for national security along the way at taxpayer expense until it's achieved
In the 90’s and 2000’s our politicians forgot what made the US the world power. It wasn’t our diplomatic corps, it wasn’t our network of allies, it wasn’t our form of government, it wasn’t our freedom, and it wasn’t our military… When you get to the root cause why the US became the most powerful nation in the world, it’s our Steel. Our industry has been what we’ve relied upon when shit goes south.
The US is a giant. She’s slow to respond, but nearly impossible to stop.
burgerbros, we're so back
Screaming red tailed, fire-barfing hawks rising from eagle carcasses!
😂Hahaha. It is financed by BORROWING. A very BAD IDEA according to ECONOMISTS and MARKETS. This is an ILLUSION.
@@petergreen5337your going to lose it when you find out the entirety of the global economy is backed by borrowing and dreams.
@@petergreen5337Schizomode 😂
We traded the power of Globalization for the cost of Manufacturing. Globalization is ending , it our chance again …
Good video
my country will make sure that US falls and fails to re-industrialize
Without globalization you have no power. 36T gotta come due
@@smallcube-zn2mm so tough
Globalisation was a (successful) attempt to contain and economically isolate the Soviet Union. The United States didn't profit from it, they sacrificed the most of their industry to maintain the status of the world hegemon. But now this threat does not exist anymore and the world order will start to deglobalise.
Geopolitician George Friedman wrote a book on this topic: The next 100 years
Globalization isnt ending....
Britain being responsible for Made In Germany label is ironic :D
America being responsable for China's manufacturing rise is equally ironic
This one is personal for me.
I grew up in Ohio where I watched the steel mills close. I got my engineering degree and then moved to Texas and California because that is where you could get work. It wasn't available then.
I hope to leave California; return to the Midwest and bring some jobs with me when I start a company there.
Doubt
Ignore him, good luck good sir, from one future worker to the t
Hope you find success!
Wishing you the best success!
The industrial bourgeoisie did that to you
To be a major power, you need vertical economic integration. The US is a power bar none in agriculture, has almost limitless mineral resources, and a thriving services sector... but proportional weakness in the material industry that lies between resources and services is unforgivable, _especially_ that it should have been surrendered to an expansionist authoritarian country like China. It's long past time that was rectified.
Are u mentally stubbed m8?😂
😂 This is NONSENSE. 1) The US lacks a STEM base .
2) The US lacks the necessary supply chains.
3)The US government and leadership LACKS genuine scientific knowledge and understanding.
4) IT'S all financed by BORROWING and DEBT.
Just like Build back BETTER. Its is just POLITICAL posturing.
*surrendered
@@taxirob2248 Oh, thanks. Sometimes I really hate autocorrect
@@alexv3357 *autocroissant
Jesus. This was one of your best videos so far. Well done!
All hid videos are great. You just have enough own expertise in this topic to notice its quality.
Uh... No... UK free trade? What ALTERNATIVE Lying universe are you/he living in? UK were MERCANTILISTS you FOOL. Their empire did NOT allow trade in. The USA set up free trade during WWII and FORCED the UK/France to join as part of Lend Lease Deal. The so called "economic growth" he has shown is 100% inflation due to rampant spending by Fed government, not industries actually building anything. The great depression was caused by UK(biggest empire in the world) arbitrarily changing the gold standard by ~50% which means their goods were now cheaper and their loan value to USA banks was now cut in half. There are so many glaring HORRIBLE inaccuracies in this video is may as well be an alternative universe.
I agree this video stood out it was very good. Very high quality content!
I graduated in 2009, started my machinist apprenticeship, which I finished in 2013. I eventually bounced between shops for 8 years before giving up. Simply no good paying jobs left in my area. I sell furniture now.
This video is BS the amount of people I've met that work in a factory is almost zero. Unless you are a firearms or aerospace guy there is very limited work. Appliances, cars, toys, clothing, furniture, etc are barely made in the US.
@@Bagginsess US labour is just too expensive. High value add industries might move back to US but a lot of low tech labour intensive industries are gone for good. It makes no sense to manufacture those products in the US.
@@alburaq3290 it would make sense if we had healthy tariffs. A country doesn't need to make everything but when clothes and stoves are made abroad you have failed as a society. In WW2 the soviets could did not have enough boots and we had to supply them, well we virtually don't make any boots now a days so you can project how well that might go in a future full scale war.
@@Bagginsess I don't think low value manufacturing like textiles would be feasible in the US. It's too labour intensive and very low value add. Most of the profits is in designing and marketing of clothes not manufacturing. Do you really want simple things to get 2-3 times more expensive?
@@alburaq3290 lets rephrase the question since you come at it from the point of view of an immoral CEO rather than the worker/consumer or a moral CEO: would you rather there be more well paying jobs so that you can afford to buy better quality goods? I make boots and Bob makes stoves. If I go buy cheap stoves from Santa Claus Bob makes no money. If Bob makes no money he can't buy my boots. If no one buys my boots I can't afford to keep making boots. Now both Bob and I make no money because everyone buys from Santa Claus.
History doesn't repeat itself but it often rhymes.
Good news. Reindustrialization and revitalizing mining within the US are necessary long term solutions to US's self sustainability which needs to be balanced with ecological efforts.
Whilst it may be at the expense of some of it's allies, it's crucial that the US must first be stabilized.
Also, while I am pro US and pro American factory & manufacturing and absolutely don't agree with China building all our stuff, especially critical equipment, supplies and infrastructure, it should still be open to allies, most things anyway. Building supplies, ok I get that, lumber, steel, concrete, essentials. But we don't need to be too protectionist as to piss off and drive away allies either. One day, when we reach the ideal world we want to live in, everyone in every nation will need to make a living
i work in the detroit area in a field related to domestic manufacturing and the job outlook is bleak, domestic layoffs/cuts are happening, and outsourcing is rampant. this video is a few headlines stitched in with a 50 minute history lesson.
Is that a compliment or a insult?
Bc the U.S. manufacturing sector has been in recession for 2 years. This guys video is nothing but a title
@killap3nguin True but we are decoupling from China and building our capacity in the mean time. We became a industrial power for a reason those reasons still exist. We outsourced our industry for the sake of global peace post war but the world is changing and we are going back to default mode. Don't be a negative Nancy..lol
the Intel project outside Columbus is probably going to fall through. Maybe Buffalo should give them the property they were going to give to Tesla instead.
@@The_11_Machine Thank you for the vote of confidence, much appreciated.
Anecdotal but until I can buy a set of tools made in the USA that doesn't cost $600 - I'm not going to agree that US industrial power is back. Tool manufacturing is I would say is a fairly clear indicator of manufacturing prowess and our inability to make affordable US made tools shows me we still have a ways to go.
Don't worry, it'll be made in Asia but say "assembled in the USA" just like our Iphones lmao
@@DevilishlybenevolentDon't you want americans salaries as in Vietnam ?
3D printing might solve this, there's already methods for printing metal alloys
This video and most of the comments look like a fake news story created to support the Democrats.
Umm, do you want our manufacturing employees making hand tools or multi million dollar air planes, machining tools, etc?
We should keep this up, it’s crucial
Your cooked if Kamala wins
The True Dragon Awakens
Who is?
@@redblacktichy7713 capitalist industry, biznatch.
All it took was some Aussie bloke to wake it up.
I don't think so, majority commodity and supply chain is in the BRICS hands, the basics of industrialization. And now BRICS trying to bring their own commodity market that doesn't rely on western to dictate the price for their commodity.
@@redblacktichy7713The U.S.
Capitalism isn’t the enemy, it’s corporatism. Eventually American companies realized they could form into conglomerates and corporations and simply make themselves more profitable by outsourcing jobs and paying it’s government to allow them to do so and become more dominant and profitable, which by effect has allowed them to become complacent and is the reason you’ve seen over the past 30-40 years innovation and productivity, as well as growth spurred internationally and not on US soil.
You're acting like this is not a direct consequence of capitalism. Look up capital accumulation, Marx talked about this over 150 years ago.
No the joo is
our greatest mistake was building up chinese manufacturing
Trading with China helped real people there to improve their lives. The issue is really the xixipee, but without that China could be like any other great country
You built up Chinese manufacturing ? , God the delusion 😂
You only broke your manufacturing with high wages and neglectance whereas China was building up infrastructure to manufacture.
Germany exports/imports - $1.7 trillion/$1.3 T respectively even after being a developed economy so the excuse of "only high wages" won't work.
@@monkeeseemonkeedoo3745 At the expense of middle-class America
It was inevitable. Industry was declining by the 1970s, and going to East Asia regardless. @@Allaiya.
@@dunnowy123The economy is controlled by corporations and the bourgeoisie, the state is their employee. They did this to make more money at our expense. We were never a factor, only financial and industrial elites.
Expanding your operation is limited in how much profit you can make, eventually your competition catches up and overall the mass production suppresses prices. The only other choice is to reduce the pay of all workers. Not just the workers in your facility, but the workers of the facility that makes your equipment.
The rational American doesn't go for that, they protect themselves with strikes and unions. The only other choice then, is to go to a desperate country to exploit workers with less protections.
Of course, society doesn't need a profit motive when things are automated and mass produced, but that would greatly reduce profit and thus power of the industrial and financial bourgeoisie.
The damaging effects of stagnation cannot be overstated enough. I currently work on a ship produced by Philly shipyard, and it’s a mess. The design was terrible, they attempted to cut costs in the stupidest ways possible, they delivered it a whole year later than expected, and it’s becoming more and more obvious that they used the entirely wrong parts for certain systems!
Worse yet, they drew their re-industrialization blueprints from the Koreans, so they tend to favor their Korean contacts whenever they need parts or designs. Korean safety standards favor saving the machine instead of saving the operator, which isn’t appreciated on the high-risk environment that is the maritime industry. The so called “Ship” produced by Philly Shipyard can’t ever cross the Atlantic, because it keeps breaking down!
I’m all for this but I’m not about to have smog over every city like China. If we are gonna do this it needs to be environmentally friendly.
Can I just say that your videos are actually addicting to watch
Detroit is going make a major comeback because of the opening of the long-overdue Gordie Howe International Bridge in 2025. Finally, goods trade can now smoothly flow between Detroit and Windsor, Ontario without the horrible bottleneck that is the Ambassador Bridge.
Lol check back in 10 years, lets see where this optimistic video projections go. My guess, no where.
yes detroit can finally leverage the bustling manufacturing powerhouse of windsor to revitalize itself! wow we are saved
I have cautioned optimism as well… but I am all for this kind of transformation
have you heard of NATFA? a huge percentage of those middle class manufacturing careers went to Mexico because of the free trade agreement. you're literally only talking about east Asia.
America is literally the only nation that can provide almost all of its own needs (food, fuel, electricity) without the worry of supplies being cut off, Europe, and Japan can't even compare to this. If we can ever get our head out of our A$$es and make structural changes that will help every one, and retool our workforce we can continue to be the only global power on earth
You bring up a good point about the dollar. When the dollar is backed by a strong world leading economy all other options are far less desirable. All problems go away. Immigration? Social security? Inflation? All those issues are fixed with a booming manufacturing sector.
Thanks for your breakdown and description of what is going on structurally in the US economy, how and why as well as your look at past economic policies in several other countries.
Now, about that Jones Act
OMG YES!!!!!!!
@@hudooguru2 This is similar Peter Zeihan prediction. I see you
Ocean going ports along the Mississippi would have a renaissance if the Jones Act was repealed
If the USA ever gets into a major war, they would regret repealing the Jones Act
Thanks!
I just want to say this is a spectacular work, very well balanced and very well done. This is the kind of documentary that I love sitting down and listening to because it is so thought provoking and insightful. Any time your channel publishes something I immediately jump to it, and it's usually a great listen while at work. Also, I hope the 54 people that live in Nashville Kansas enjoy the shutout on your US map among all the other major cities. :)
Great video as always. Keep up your work!
1:17 he came with only a lil over 2 months worth of pay for someone making 16/hr. What a rags to riches type of guy 🙄😂
Love to see America re-industrialize itself! Plus America needs it for potential war production.
It’s a matter of national security.
Agreed. You can't rely on China for ammunition.
The American war industry is still the S class
“Every gun that is made, every warship launched, every rocket fired signifies in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children."
"The cost of one modern heavy bomber is this: a modern brick school in more than 30 cities. It is two electric power plants, each serving a town of 60,000 population. It is two fine, fully equipped hospitals. It is some 50 miles of concrete highway. We pay for a single fighter plane with a half million bushels of wheat. We pay for a single destroyer with new homes that could have housed more than 8,000 people."
"This, I repeat, is the best way of life to be found on the road that the world has been taking. This is not a way of life at all, in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron."
-President Dwight D. Eisenhower, 'A Chance for Peace'
@@timothyrockwell2638 But without the US military might, the world would be far less peaceful. The threat of war has been mostly absent for many people since WW2, but it used to be part of daily life. Europe is full of remnants of fortified city walls and castles awkwardly located on hard to reach hill tops because for thousands of years nobody could even trust their neighbors.
Russia itself is outproducing all of Nato at the moment
WOW! Really really good vid man. Tons of stuff in there I was wondering about. Appreciate the hard work I'm sure this was to make and research
it's interesting how a lot of people have been talking about how the west should remove regulations to be able to compete with the cheap 3rd world countries, while the real solution should be just to discourage slavery, poisoning of the enviroment and the like instead. i think this needs more political efforts.
I think for sure it needs more open debate.
You're not going to get the Congo to become a first-world nation with labour protections. Best we can do is stop subsidising it.
I really enjoyed this episode. Usually, I'm not too fond of hour-long videos but this kept my attention to the end. Thank you for putting in the work to make this.
All I remember is those folks from 2016-2019 who lamented "they're not coming back"
Under free trade, they weren't
@@dosmastrifyyes, exactly
No they aren't
New industry is being built
Not old one
Shut up Indian @@anshuraj4277
@@anshuraj4277 All of your cells are replaced every seven years
And i thought i was delusional.
Dreaming is fun, reality eventually hits hard.
Yeah its not all about market returns achieved thru cheap labor. We want a trade surplus being part of what drives the influx of wealth. Get cheap resources, create value through capital and labor, sell at premium. Basic econ that increases GNP AND GDP. Efficient manufacturing is hard, which I suspect is why outsourcing seemed so attractive. I used to think tariffs were a terrible idea, but now I see why we sometimes need them to counteract shortsightedness and laziness.
Targeted and specific tariffs can be good, but widespread blanket tariffs like the 10-20% tax on ALL goods coming into our country is absolutely horrible for our economy.
You can't pay too much for that labor, though... Or you somehow have to be a lot more productive than the Chinese factories.
@@ronald3836 that's where a targeted tariff works wonders. A massive markup on all Red Chinese goods entering the country makes American goods seem cheaper, and with clear quality differences, we can easily outcompete a global bad actor
@@steviechubbs5238 But more expensive goods will decrease overall wealth for Americans. Even though many people clearly suffered when factories moved to China, overall it was a clear win economically. (I'll admit that reducing the dependency on China has strategic advantages, though.)
@@ronald3836 it has EVERY advantage though. Yeah, sure, cheap slave-made Chinese plastic is going to soar, until they can set up their factories in Mexico or the US, in which case those products which do survive are going to suddenly get a whole lot nicer
Recent domestic economic and demographic trends in China have me convinced the likelihood of the Middle Kingdom surpassing the US as the world’s unipolar superpower is slim. I think your analogy with 19th century Britain, Germany, and the US is more akin to the dynamics between the US, China, and India, respectively. The US is acting on the economic threat posed by China earlier than Britain did with Germany, but China’s rise has been much faster than Germany’s was, and to a certain extent, their momentum has quickly burned out. If the US was the unseen third party that rapidly surpassed both superpowers because it was able to exploit domestic resources at greater scales than the two dominant powers, then depending on India’s developments in the next decade, the analogy could better indicate where India is headed while the US and China squabble. Now that doesn’t mean I’m saying history determinines the outcome of events yet to come, as India has to REALLY course correct if it wants to leverage its advantages the way the US did at the turn of the 20th century. But if it could fully activate its workforce, industrialize its agricultural sector, and weed out corruption, among other issues, India does have a lot of potential. That being said, I think anyone who has seen the last 5 years of global GDP growth data can say the US is doing very well for the time being.
India DID place a nice probe on the moon for much less than anyone thought was possible. Like, less than 100 million I believe. Plus there's a lot of confidence and patriotism, I think the talent is there for sure. But at the same time, it's more diverse than the USA was back then, there's many obstacles to overcome and it's not clear that the government will manage it
India also isn't alone on its subcontinent, with a perfect rival and enemy within arms reach; Pakistan. It's like if I'm Taiwan had 200 million people and nuclear weapons
@@steviechubbs5238 the main enemy isn't Pakistan, that's old news.
Pakistan has been neutered for the most part, the major problem is China.
@@monkeeseemonkeedoo3745 yes industrialising from scratch like China/South Korea is not easy at all.
The world will get the answer whether she will succeed or not in the next 10-15 years
@@steviechubbs5238 This is true but Pakistan doesn't block India's access to the Indian Ocean. The country will have a much easier time flexing its naval muscles than China will due to it being much less crowded and its geography.
I think Pakistan mainly poses a problem in limiting India's access to Central Asia and to a lesser extent the Middle East though its clout in the latter has been growing tremendously.
“Never before has a declining empire beat an emerging empire” I feel like this is not true lol. But the emerging empire that was defeated goes into obscurity
i thought the same thing. there's no way that's accurate.
I think China has more problems than the US.
We just should focus on ourselves. The US should compete with The US, ans try to be better each year.
It's a question that's only technically true with the bias of hindsight and playing around with definitions. If you look through history and define 'declining' as the period after they've had their last major victory, then the statement would be definitionally true. If you also only include 1v1s (or near 1v1s) then it gets a lot trickier, because I'd say WWI and WWII certainly counts both times as the French and British (declining) beating the Germans (emerging), with WWI also featuring the Austrians (declining) beating the Russians (emerging?) and the Crimean War included the Ottomans (declining) on the winning side against Russia (emerging).
The best examples I can think of probably involve the Byzantine Empire. They had a very prolonged period of decline where there were a lot of wars that involved back-and-forth with upstart powers, with the Byzantines eventually being defeated by the Ottomans after several centuries of land swapping hands.
@@adamperdue3178 I mean in WW1, Russia was sort of stagnant no? Their population was booming but they were poor and less industrialised. It was only under Stalin and post WW2 did they really emerge.
@@NoMustang273 Under Tsar Nicholas II, Russia was growing and modernizing rapidly. Between 1894 (when he became Tsar) and 1914, Russia's GDP more than tripled, much of it due to political reforms, industrialization, and technological progress. Russia also made a lot of changes to the structure of their military after the 'humiliating' defeat to Japan in 1905.
The main reason that Germany was eager to let Austria-Hungary start a war, was because Germany was worried that Russia would outpace them if they waited just a few more years, and that Russia would be impossible to contain.
Rebuild the arsenal.
Rearm the Gun :)
This is an ambitious theme, but you nailed it! I was hesitant to play an hour long video, but it was worth it. Thank you.
The most important fact in my opinion is that these dirty corporations went to China and now look!
Actually, the unions are the ones to credit for forcing American manufacturing overseas. Union greed and belligerence left the companies no choice but to do whatever it took to escape having to hire WAY overpriced and low skilled, low productivity union workers. When a barely literate Third world person who has almost zero familiarity with any kind of technology is able to do your job as well or better than you, you should be ashamed every time you claim to be underpaid with your fat union scale wages and obscenely high benefits. I support bringing jobs back to the US but only if they are non-union. Everything the union touches, it destroys so keep the manufacturing in China if it's going to be a union job in the US.
@@itsmatt2105 don't you realize that every dollar sent to China is a potential bullet facing you?
@@itsmatt2105 Yeah......... Demanding minimum wages and human dignity is too much. Unions don't have to be there, the mere fact that an American citizen can demand a higher wage than a rural Chinese man, while doing mainly the same work means that companies will go there. You blame Unions for "greed" and "forcing" companies abroad. They didn't, and this only spreads anti unions sentiment helping multi billionaires and millionaires to avoid paying their workers fairly or even treating them with basic human dignity.
"dirty corporations" 🤣
If they didn't go, they would have lost the battle later against companies that did manufacturing in China.
The problem for America is/was there are countries like China who can produce way cheaper goods.
This means the USA needs to solve the issue by making manufacturing better in the country instead of crying "they stole our jobs 😭😭".
They got better than you at manufacturing, that's why your manufacturing declined, bitter truth.
@@itsmatt2105 this would hold up if it was always just unions, many companies that didn't have unions outsourced anyway so your argument is mostly hot air. The corporations just wanted to save money, they never cared for American workers or even the country itself just the bottom line, recently Raytheon committed treason selling secrets to the East for profit these corps become so big they don't care about their origin country anymore.
So the rust belt, becomes the steel belt
Rustbelt is going to have all the water in the future.
Which is needed for cooling of industrial plants?
American TV is an artifact at this point.
Even if companies do automation at scale, I think it will still be an uphill battle to onshore manufacturing - even in strategic sectors. Labor costs can still be a significant aspect to growing industrial production
Based, never give up on America. Seethe commies
You garbled the story of Bessemer converter and phosphorous. Phosphorous makes steel brittle. Perhaps Bessemer got superior steel because his pig iron was LOW in phosphorous and thus he got good steel even though the Bessemer converter, which has trouble with phosphorous did not have to remove what was not there.
We can do it cleaner, greener, and better than ever.
If you look up Manufacturing data, you can see that the US Manufacturing sector is not expanding at all. In fact it is still shrinking as a percent of total GDP losing ground to services. This is all basically speculation as of yet that things will somehow improve. Hasn't happened yet, nor is there any strong evidence to suggest that it will.
Nah it increasing I'm here in texas and see it in action in working on the construction site for these big mega factory its just not in your area you need to move buddy I'm getting payed 3k per two weeks its not even funny keep doubting our country trash can
How does that say that manufacturing is shrinking? All that means is that services are growing much faster then manufacturing.
Even robocop doesn't want to live in Detroit anymore.
We take the worlds resources first. Then our own.
Actually pretty smart
@@harcoom Just the civilisation will collapse within 2-3 decades therefore...
Watch the national and state park lands disappear overnight and machines start carving the land up.
This is one of your best. Excellent work 👏
I love the title, just like i love my country. I was first born American from immigrant parents who came to this country for a descent life and future. I was born and raised in this country and i had a beautiful upbringing. We were not rich, my parents worked six days a week since i can remember. My father has since passed, but I THANK MY BELOVED COUNTRY FOR GIVING US HAPPY MEMORIES. Thank You
God Bless you and God Bless the US🇺🇸
Reshoring, near shoring and friend shoring are the way to go 👍.ps peter zeihan predicted this.
Peter zeihan predicted nothing. We’ve known this was coming for a long time. Zeihan talks total crap. He’s no different to a cult leader predicting the date of the end of the world. Every time he gets it wrong, you all just ignore it and focus on his new predictions.
@@Zei33 But he's been getting it right bro. And speaking of crap talking...
@@hudooguru2 you miss the point. Most of the things he’s right on are things that are very obvious and anybody who’s been paying attention saw coming. But in the much longer term his viewers simply ignore all of the predictions that were well off the mark. And then they point to the few times he was right and act like he’s some fortune-teller.
@@Zei33 he may seem like he's talking nonsense most of the time but that was his job. hit or miss, his going to keep on talking, yeah, his analysis may be wrong most of the time, but he's providing contexts and has a basis for those analysis, so, sometimes he predicts stuffs accurately, but because he's just as human as us, he's still prone to information blindspots which throws off his analysis and may come off as nonsense. He's good with general stuffs because information is abundant in those topics, but in hyper specific stuffs take him with the grain of salt but you should still listen to him since he's still speaking based on some factual informations not available to us.
The fact that tariffs back then pushed out German products from the US and made their economies less intertwined might be a warning about the long term consequences of protectionist policies.
Everybody talks about goods becoming more expensive but isnt that somewhat offset by bringing back better paying jobs too? Unless these jobs dont pay well.
Jobs better paying than what? Better paying than Chinese jobs, sure. But are well-paying manufacturing jobs realistic if you have to compete with China? Not clear at all.
As to whether it is a good thing to have those manufacturing jobs in the US, this depends on what the factory workers could otherwise be contributuing to the economy. Of course if you shut down many factories you will end up with a lot of factory workers without job prospects, but this is a "one time" cost. The next generation of workers will learn other trades. Bringing back manufacturing now and having it fail once more will just result in another lost generation.
You think factory jobs which went to China & other developing nations will pay good ???
You guys sacrificed low/mid value manufacturing for other high paying jobs which resulted in more economic growth even after having so high per capita.
But this caused a problem - VERY high trade deficit.
Now you want those jobs back so you are gonna lose your high per capita, you can't have both 🥴
the problem is that companies didnt really lower the prices when they got cheap labor sources, at least in the long term. theyre still charging high prices just with lower input costs, pocketing the difference. so the "wages are too high" argument is largely moot.
@@titolovely8237 I don't think that is true. Some companies just find ways into luring into buying their "special" product that nobody else can offer. Of course if you insist on having the latest iphone no matter the cost, Apple can charge any price they want.
@fly463 what's your source? Who says we got more high paying jobs? I see tons of people working in the low wage service sector. Point is though I honestly don't know if these factory jobs are well payed or not. You seem to be very sure though so plz cite a source.
Thank you Biden | Harris
🇺🇸🇺🇸🇺🇸 HARRIS | WALZ 🇺🇸🇺🇸🇺🇸
DEFEND THE REPUBLIC FROM A CULT
Lol big brain satire, love it
LOL, I am saving this video. I want to review it in 20 years and will ask you to comment if your predictions came through.
Given that the Manufacturing Sector is not growing at all in the US right now, I wouldn't hold your breath on this one.
@@ssssaa2 I'm in the Midwest and just drove buy some of the largest factories complexes. I've ever seen that didn't exist two years ago. The company U work for has already fully pulled out of China. They are now talking about building more US factories rather than expanding the percentage they have in places like Mexico.
Intel literally about to go bankrupt
@@vicvic2081 Due to incompetence not lack of demand. They had multi-billion dollar contracts flowing in even as of yesterday.
@@RKNGL Dope! 😎👉🏻👉🏻
I'd like the average American to support the rebuilding of their communities
Preach free markets and free trade. Practise protectionism.
Like True Americans
Gotta luv greed for selling out where they lived! 😞😞
With AI and automation, the US should have the ability to be at least 95% self sufficient for its needs.
Can you give any source or any information as to how to got that number? Unless you're talking in layman's terms.
You didn't need the AI, and "Automation" was sufficient 100 years ago.
@@neolithictransitrevolution427 please see ai powered weed killer used now in farming.
@@generaltom6850 WTF of a question is that. America has almost all raw material it needs. Name it has it. Only obstacles are political red tape.
@@generaltom6850 lmao! What kind do of question is that? America has most of the raw material it needs. The only obstacle is political red tape and bureaucracy.
Britain has come back to its natural state because "revenues" are not arriving from far away British "possessions".
Exceptionally well done. Bravo!
Oh, BTW--"communique" is pronounced CO-miu-ni-KAY in English. Took me a moment to understand that sentence.
Nonetheless, it's an impressive video for someone's 2nd language.
More votes gets this.
The stress-accent is com-MYU-ni-kay, at least on the US west coast
The thing he's using in Northeast relaxing, which America doesn't even want to own for.@@alexv3357
As a Canadian, I welcome a resurgent USA, although I still support our free trade with the TPP, EU, and of course NAFTA. Free trade isn't itself bad but it has to be strategised.
you are forgetting about geopolitic facts, like how close UK was of WW1 unlike the US which doesnt have imperial power sharing it borders, the same goes for whats is going on rn with China, China shares boarders with others such as Russia and India, and unlike the US whom didnt participate on ww1, China is constantly in conflict with it neighbors, this makes a huge different when compare both of them, another big comparison btw the US and UK is how fcking massive it territory is, i dont see China rising anywhere high, in fact what the US is doing is to choke China growth while at the same time growing in its own territory, something all so mighty China can only dream off doing
I think you meant the US didn't participate until near the end of WW1
@@herisuryadi6885 my point is that it not the same type of participation, one is bulling into wars and the other is just seeking it own economic interest, the reason why NATO exist
@@ReyZar666 Oh okay that makes sense
The activity is unlike I have seen my entire life. When the U.S. sets it's sights on getting something done, they don't mess around. Re-industrialization is very much the focus. On the downside, as a consumer, all that capital investment will keep inflation elevated for the foreseeable future.
Chinese EVs should be banned on security grounds.
You don't need "grounds" , you just banned them by imposing 100% tariff
I just delivered 25 tons of rebar to a massive Panasonic Energy plant being built in Kansas.
Not a chance. Industries have moved to cheap labor countries and will never come back.
Unless most labor can be removed from the equation through automation, and the environmental costs can somehow be ignored.
@@ronald3836Yeah The US need to reduce Bureocracy, Reduce the Gov Spending.
Efficiency.
@@ronald3836 With the way automation is going, I don't think that's happening and mind you, China is automating their factories at a huge pace and will still have a manpower advantage even if their population is aging quickly. AI entering services and possibly taking jobs will also be a messy affair but might induce a forced industrialisation for the purpose of producing jobs.
Environmental costs...yeah, unless they're willing to deal with the consequences it'll be hurdle but I think to some extent at least better regulations and standards will help albeit it will slow that process down.
this is why protectionism in the form of things like tariffs are being discussed again. there's always been cheaper labor sources than the US, but they have not always been used. it's government and corporate policy that changes.
@@DavidCelestialKnightmost list have the U.S. as less bureaucratic than china but not as good as Japan. So yes it could be better. I believe the problem with American companies operating in China is that the government ultimately can take your business away and you have no recourse.
Great video, thank you for making it
This video makes me optimistic 💯
Im from metro detroit. My life is the rust belt. Selling out the future utterly destroyed countless lives and made a few rich.
The pmi data has been in the negative since 2022 and the rise in manufacturing was also during the high inflation years of 2021 -2023 , this factory boom has been drive by foolishly high govt spending which is not sustainable all this new investment will be made unprofitable by the decades end if the spending is not kept up , yes American gdp went by 7 trillion since pandemic but govt interest payments have gone up from 500billion to 1 trillion dollars and rising , the debt went from 23 trillion to 35 trillion of anything American debt is unsustainable and will lead to a recession remove the r big tech companies and America stock market has been flat since 2020 if anything this resembles the problems of the 1920s all over again when the govt at that time after the Spanish flu pandemic spend enormously only to have depression in the 30s but this time there is no debt room left to avoid the crisis. No wonder the gold prices are rising to 3000$ by 2026, intel is a classic example it was given subsidies to setup factories in America but 2 years on not only was the subsides not enough but if has lead to Intels stock getting crushed due to massive spending and low profit margins , high income society’s with high debt cannot afford that debt unless they cut spending on other things inoder to afford more debt .the US was fine at the start of the century with 40% debt but that was ruined not by globalization but by the endless wars in Iraq and Afghanistan along with the 2008 crisis with the excess trump tax cuts and now Biden horrible spending all this debt will be come unaffordable long term . Already the US navy is having trouble making warships in the US due to high cost even asking South Korea and Japan to manufacture new ones .
But the US is in a unique position of managing world reserve currency. It can service its debt by printing money and ultimately escape it by decreasing the value of its currency. Provided that it can make the majority of its low income citizens less reliant on imported goods for their daily lives. No other country is in the same position thus most of the economic analogies fail. The threat of replacing the dollar has not so far materialized, and the failure of its major contenders to set up robust legal and financial frameworks has so far been that main reason why.
Well done! I will be keeping my fingers crossed :)
US industries just aren’t competitive outside of the US except big tech + semiconductor. Everything else is a shitshow. The traditional manufacturing.looking at Boeing, Auto industries it’s pretty much a joke.
A very comprehensive and thorough analysis. 👏🏽👏🏽👏🏽
aren't more factories leaving for mexico?
Yeah, they are. Even so, I'd rather see outsourcing to Canada and Mexico than to enemy nations like China.
Living in a border community, yes, but much of the work done in Mexico is complimented by work done on the US side. Parts manufactured in Mexico are shipped to the US for additional assembly. However this requires free flow from Mexico to the US, when politicians like Gov. Abbott in Texas block ports of entry for political stunts it results in businesses migrating away from Texas.
@@randomcommenteronyoutube1055 that's a dumb way to think, mexico hates america more than china
@@j.obrien4990that sounds exactly like what Germany does in regards to Poland.
@@j.obrien4990please
Right now I am in America and eat applesauce imported from China, watching a Chinese laptop... I doubt that the US can bring any Industrial Power back from China...
Not to mention rest of world even europe buys cheap chimese goods. American products are too expensive
@@NeygarzruinedAmericathey're so cheap because of Child labor and Slavery. I think we need to better ourselves and move away from Slavey powers, imo
Watch some Titan of CNC videos
Perhaps we can hope for a better balance with a healthy competition.
Are you distorting US manufacturing capacity internationally? The absolute amount is irrelevant. What is most important is per capita production and value added per man-hr expended.
An Australian is telling what and how to do and a Russian is explaining it. Viva America!!
4:02 lol Nashville, KS is highlighted accidentally instead of Nashville, TN same error is carried over on all uses of this map. just found it funny
What makes you think it’s intended to be Tn?
Because there is no Nashville, KS!? It bothered me too. I’ve been in Nashville, TN for 38 years but grew up on the border of Okla/KS and in Wichita too. I can tell you without a doubt, there’s no Nashville, KS anywhere on that border.
So it’s not over? America is not cooked? Ze west has risen?
I will give Trump credit for forcing the political classes to admit that offshoring manufacturing has to be reversed. The problem is that he didn’t do a particularly good job of following through on his promises.
He forced a lot out of China. Because the supply chains were already geared towards China, most places just moved somewhere else nearby. Biden extended it back to usa
You actually think trump waas the one who came up with that thought?
He can talk but he don't live up to it. His campaign merch is even made in China.
He wasn't the first to realise this nor the first to say so.
@@AL-lh2ht Don't try to do whataboutery and accept the fact like a good boy
It doesn't matter who came up with what
Do you think leaders think of the solutions themselves ?
No they are just the face of their party, the solutions are found in the meetings they do with highly educated people