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RE: US Built: Cheap, Fast, Quality

in Finance and Economy6 months ago

We only have to produce enough for domestic consumption.

Congratulations, you have just described the USSR - how'd that turn out for the people again?

nd people are happy to pay a little more for good products that are handmade or low production. As long as the quality is there, cheap is less of a factor.

I think you have missed part of the equation - people have to earn enough money to be willing to spend a bit more. The situation you are describing doesn't help people earn to pay more.

You are obviously a Trump supporter, but what you have descried here just doesn't work in reality - especially a reality that people have become accustomed to.

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The USSR dictated what would be produced, wages, and how much they would cost the consumer. I don't see any of that happening here.

My optimism doesn't stem from Trump. His plan could take years to bear fruit. Rather, I see it every day. People see an opportunity and jump in. I live in one of the poorest regions in the US (median household income of about $50K, by comparison a new teacher earns $54K), but if you drove around town you wouldn't think it. Our cost of living is also lower, which offsets the lower income. We used to have more manufacturing jobs until after NAFTA. We adapted. We still have some manufacturing, but the plants aren't as large, and some are running around the clock.

Maybe you're right. But from my observation, we have a strong entrepreneurial spirit and tend to pounce on opportunities.

I'll ask around to see who is going to the Dallas Market Center this year to find out if there are any changes. That is where wholesalers have storefronts to sell to retailers. Only business owners are allowed to visit. I'm curious if the selection will diminish or if the wholesalers will fill their displays with domestic products.

I don't see any of that happening here.

Yet. Once an economy closes off, it has to organise itself very differently - and it always fails.

I'm not saying the US will close off. Simply that we can manage during the transition to bringing back large manufacturing. Just like in the stock and crypto markets, money is made during volatility, not when the markets are trading sideways.