Re:European natural gas imports and storage reserves
by kennend3 on Tuesday September 13, 2022 @09:38AM
(#32824124)
> Which turned out to be worst of possible policies.
Depends on your metric. US companies gained the ability to outsource to low-cost china and this has been fantastically profitable for them.
For the average US citizen, they did benefit from a massive influx of cheap goods and cheap debt at the expense of hollowing out the economy. As it says on the back of most Apple products - "designed in California made in China".
Could be made in the US as well, but too many rules, too inflexible, too high labour costs.
Depends on your metric. US companies gained the ability to outsource to low-cost china and this has been fantastically profitable for them.
For the average US citizen, they did benefit from a massive influx of cheap goods and cheap debt at the expense of hollowing out the economy. As it says on the back of most Apple products - "designed in California made in China".
Could be made in the US as well, but too many rules, too inflexible, too high labour costs.
https://theweek.com/articles/478705/why-apple-builds-iphones...
I'm certainly not picking on Apple, most US companies outsource but the Obama/Jobs question really hammers the point.
Probably not a long-term sustainable strategy but i did work for many years.