Re:Life in China Is Getting Harder With High Prices
by oceanplexian on Tuesday September 24, 2019 @12:42PM
(#21062051)
I would rather see the US economy knocked back 15-20 years, if it meant we would stop being so dependent on China. Even if it meant my 401k dropped 80% overnight, if we were going back to domestic production I would support it.
Recovery wouldn't happen immediately but there are a lot of towns and cities with shuttered factories, particularly in the Rust Belt and the Northeast which I could see revitalized. Increased manufacturing would vastly increase the economic diversity of the country, instead of a situation where most jobs that pay a living wage are concentrated in few cities and few industries. A diverse economy would vastly improve the housing situation, since there is abundant land and housing in the middle of the country. It would also do wonders for halting Climate Change, since the US has much cleaner power, transportation, and emissions regulations.
Recovery wouldn't happen immediately but there are a lot of towns and cities with shuttered factories, particularly in the Rust Belt and the Northeast which I could see revitalized. Increased manufacturing would vastly increase the economic diversity of the country, instead of a situation where most jobs that pay a living wage are concentrated in few cities and few industries. A diverse economy would vastly improve the housing situation, since there is abundant land and housing in the middle of the country. It would also do wonders for halting Climate Change, since the US has much cleaner power, transportation, and emissions regulations.