- Joined
- Dec 8, 2006
- Messages
- 93,927
- Reaction score
- 69,010
- Location
- Colorado
- Gender
- Male
- Political Leaning
- Libertarian - Left
Not really (bold).
Picking up the slack for cheaply assembled industrial goods only regresses the economy. We benefit twofold: via cheap prices and not having to forgo more "profitable" endeavors.
No, we really could re-build our production infrastructure given time. It's not impossible. We do benefit from trade with China via cheap prices, allowing us to focus on more profitable measures such as high technology. But at the same accord, it's not like it's 100% beyond our capabilities to adjust and pick up the slack.