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Growing trade deficit is selling the nation out from under us (2003) [pdf]

(faculty.washington.edu)
162 points TaurenHunter | 3 comments | 04 Apr 25 09:20 UTC | HN request time: 0.971s | source
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xuki ◴[04 Apr 25 09:52 UTC] No.43580070[source]▶
Can someone explain to me how the US can reshore manufacturing without dramatically lower their standard of living? Maybe they can subsidize some essential industries but I can’t see a path to do it for everything.
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tokioyoyo ◴[04 Apr 25 10:01 UTC] No.43580132[source]▶
I started believing that all these, are just side effects of Americans and their leadership not accepting the loss of their global leadership to China. They know they can’t pull a Plaza Accord like they did with Japan in the 80s to slow they down. Now hoping for some hail marys. In the worst case, a good chunk of people will be poorer, less women with jobs, which should result in a bump in birth rates.

No data points, but I like to entertain this.

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1. xuki ◴[04 Apr 25 11:07 UTC] No.43580549[source]▶
I believe whichever party attempts to do this will be voted out in 2 years. It's really really hard to get people to accept a lower standard of living. The only scenario I can think of is during wartime, but the US is pissing off all of their allies.
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2. gpderetta ◴[04 Apr 25 12:18 UTC] No.43581157[source]▶
> The only scenario I can think of is during wartime

well, it is not surprising then that war seems to be a realistic possibility at the moment.

(doesn't matter with whom, we have always been at war with Eastasia).

3. tokioyoyo ◴[04 Apr 25 15:56 UTC] No.43584238[source]▶
Logical next move is to start the move. I’m just assuming that they will. I guess, the biggest problem is hoe vocal “the other side” is, compared to 10/20 years ago. Oh well, that’s what the citizens vited for, I guess.