(no title)
crispyambulance | 10 months ago
Our current situation is the result of decades of deliberate greedy systematic outsourcing of everything that can be outsourced. It's our own dumb fault. And it will take decades to reverse it if it's even possible. It's not a "short-term" kind of thing.
potato3732842|10 months ago
Our being the office working city/suburb living HN posting white collar types who have no visibility into the non service parts of the economy beyond what is made available in our investment account dashboards.
The industrial workers, the farmers, the blue collar tradesmen, none of them wanted this even back in 1995 or 2005, the evidince that rampant outsourcing was bad in the long term just wasn't concrete enough for their opinions to gain traction and there were other seemingly more important issues that decided elections back then and we did make a lot of money selling our economy out so everyone was willing to let outsourcing hum along even if they didn't like it.
The people who made bank shipping industrial tooling to the far east and bulldozing old factories, the middle managers coordinating with overseas suppliers, etc, etc. didn't want to do any of those things, they were uneasy about the long term impacts but they did it anyway because the managerial class structured the economy such that that's what they had to do to keep the lights on.
nine_k|10 months ago
These countries also were lifted from poverty and into relative prosperity by this. It looked like a win-win, under a certain angle, back in the day; the US would turn into an innovative economy producing high-tech gear, doing high-grade R&D and engineering, and producing software, all the stuff the Bangladeshi or even Chinese were not supposed to be able to do comparably well. It just turned out that the engineering and development thrive next to the actual production capacity, and can be studied and learned. Now Chinese electronic engineering rivals that of the US, same for mechanical, shipbuilding, even aircraft / space and weapons.
A similar thing once happened to Japan, then to South Korea: they turned from postwar ruins and poverty into high-tech giants competing successfully with the US by exporting inexpensive, good-quality stuff to the US. But these are politically aligned with the US and the West in general; places like Bangladesh or Vietnam, not so much, and China expressly is not.
JoeAltmaier|10 months ago
We want a more 'just' system, it requires regulation, so everybody is playing the same game.
Oh! We've deregulated. That's supposed to help make folks more profitable. But, whoops, it's the same playing field no matter the particular rules. So deregulation helps who? Big players, international players. Not you and me.
aurizon|10 months ago
unknown|10 months ago
[deleted]
gruez|10 months ago
How would you reverse it?