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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (632988)10/24/2011 11:10:59 AM
From: i-node  Read Replies (1) of 1576916
 
>> maybe some protectionism

I really think this is where we're heading, and it isn't good. We know that historically, protectionism doesn't work. Yet, there is starting to be more advocacy of it from both the right and left.

Whatever benefits there are are going to be short-lived and met with countermeasures.

A far better option IMO is tax & regulatory policy that encourages domestic manufacturing. As I tried to explain to Al (a very difficult task indeed) a couple months ago, there is no reason iPads can't be built in the US:

"Jobs told Obama that American regulations make it more difficult for Apple to build its products cheaply in the United States compared to the cost of building them in China. Chinese health and safety standards are more lax than the United States."

There you go. Jobs himself said it. You just have to create an environment in which it is better overall (cheaper) for business to do this work locally. And it doesn't have to involve traditional protectionism.

If a president wanted to make it happen, there could be a US version of FoxConn. You would have to avoid unions, not insist on free health care for all, eliminate regulations, and perhaps provide tax breaks to the companies who purchase product from them. But it COULD be done, and it would be one HELL of a lot more productive than throwing money at so-called "infrastructure" where it is essentially wasted or the returns are only marginal (building new bridges may be worthwhile when we have the money, but it is just one more political lie to claim efficiencies that are difficult or impossible to achieve as a result).
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