Comment by aksss

Comment by aksss a day ago

3 replies

> They have no serious industrial policy.

Ignoring how we define "serious", they do have an industrial policy. You just may not agree with the wisdom of the outcomes wrought by the regulatory regime. I don't know how you ever compete with the developing world that has a surplus of people and comparatively lax regulatory framework for everything from labor to the environment.

The policy is to move all the dirty work to someone else's back yard. It seems to work as long as the shipping lanes stay open and the other economies have something to gain (room to grow and raise standards of living).

TaylorAlexander a day ago

> The policy is to move all the dirty work to someone else's back yard.

Whose policy? Like, which politicians and what exactly is their policy?

Because that sounds more like the kind of thing people say they are trying to do, while hiding the fact that they are doing something different.

  • themaninthedark 20 hours ago

    Those who tout Free Trade and Globalism as well as those who look at Wall Street numbers and claim that is success.

    >Production offshoring, also known as physical restructuring, of established products involves relocation of physical manufacturing processes overseas,[22] usually to a lower-cost destination or one with fewer regulatory restrictions. >Physical restructuring arrived when the North American Free Trade Agreement (NAFTA) made it easier for manufacturers to shift production facilities from the US to Mexico. >This trend later shifted to China, which offered cheap prices through very low wage rates, few workers' rights laws, a fixed currency pegged to the US dollar, (currently fixed to a basket of economies) cheap loans, cheap land, and factories for new companies, few environmental regulations, and huge economies of scale based on cities with populations over a million workers dedicated to producing a single kind of product. However, many companies are reluctant to move high value-added production of leading-edge products to China because of lax enforcement of intellectual property laws.

    https://en.wikipedia.org/wiki/Offshoring#Production_offshori...

    https://theweek.com/articles/486362/where-americas-jobs-went

    https://www.economist.com/media/globalexecutive/outsourcing_...

  • aksss 6 hours ago

    I’m not sure what your last sentence is saying. To the question, an example would be resource extraction and refinement. The United States has no less appetite for the materials but denies permits locally in favor of other countries doing the work. Regardless of what you think about reasoning and justification, this is an example of pushing dirty work to another country. Similarly, policies on labor, safety, environmental protection make a lot of manufacturing and textile work relatively untenable in the United States relative to the developing world. These are policies of the nation. Individual politicians are not really relevant to the point.