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A comment on America Is Back in the Factory Business. Parent comment

Re:America Is Back in the Factory Business by bboygravity on Sunday April 09, 2023 @01:42AM (#35500314)
There's another angle to this as well. IMO the main reason that manufacturing stopped in the US that nobody seems to address: the USD.

The USD couldnt function as a reserve currency (from the perspective of the US) if the US didnt run a massive trade deficit on purpose (import way more than you export). That's very hard to do if your manufacturing isn't happening outside of the US in countries that you want to be dependent on the USD.

The day manufacturing actually makes a significant comeback to the US is the day that the US lost it's status as the nr 1 world power: the day the USD will stop being a world reserve currency. It would be extremely bad news for the US geo-politically and economically.

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Re:America Is Back in the Factory Business by JorikTheBird on Sunday April 09, 2023 @08:56AM (#35502290)
The US can't be a №1 world power without the USD being a global reserve currency? And isn't the US still the second manufacturer in the world?
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