Your post seems to assume that U.S. consumption will be driving U.S. manufacturing. Ship transport is so cheap these days, that I'm not sure that it makes sense to move the production of cheap plastic stuff back to USA - but it surely makes sense to improve on U.S. exports. These are driven by demand outside USA and when raw materials get more expensive, it will benefit the countries that can add most value using the same raw materials.
Right now, the only U.S. products in my home are very light weight: Software, movies, patents, brands, chips. I don't know anybody who has a U.S. manufactured phone, except for one guy who has an Apple iPhone, bought on a trip in USA. I'm quite sure that there is a demand for products made in USA, because Chinese products are really annoying - filling up waste bins. European products are selling well, even at much higher prices than Chinese. Even LEGO insourced their plastic production to west Europe again after having outsourced it to East Europe, because quality needs to be high.
In order to pay back debt, you need to reduce the average American's ability to buy foreign produced products, while making it more affordable for foreigners to buy products produced in USA. That's where my previous post comes in. |
