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388 points pseudolus | 1 comments | | HN request time: 0s | source
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ferguess_k ◴[] No.43493912[source]
What I worry a lot more instead is how knowledge of manufacturing and engineering could be lost due to our greed.

Typical scenario: Industry I is not doing fine in country C (i.e. the fund managers are not happy about lack of growth of the public companies in this sector) due to reasons R1, R2, ..., Rn. Then management decided to outsource and eventually dismantle the factories to "globalize" it. Knowledge retained by the older generation of engineers, technicians and workers were completely lost when they passed away.

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ge96 ◴[] No.43494035[source]
Didn't that already happen with US to China from the 70s
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tempodox ◴[] No.43494108[source]
Those who cannot learn from history are doomed to repeat it.
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makeitdouble ◴[] No.43494292[source]
Shareholders in the 70s made a lot of money. They'll be OK to rinse and repeat that history.
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1. tempodox ◴[] No.43494554{3}[source]
True. And the people selling shovels for the “AI” gold rush are making boatloads of money now. But it's still up to us whether we buy their customers' products.