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America underestimates the difficulty of bringing manufacturing back

(www.molsonhart.com)
842 points putzdown | 1 comments | 15 Apr 25 13:50 UTC | HN request time: 0.253s | source
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shin_lao ◴[15 Apr 25 14:05 UTC] No.43692873[source]▶
Doesn't mean we shouldn't do it.
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nathan_compton ◴[15 Apr 25 14:06 UTC] No.43692887[source]▶
Well, sure, but perhaps some kind of plan is warranted?
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throwawaymaths ◴[15 Apr 25 14:07 UTC] No.43692899[source]▶
Isn't the point of capitalism to not have a plan and let the market figure it out?
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1. singron ◴[15 Apr 25 14:16 UTC] No.43693063[source]▶
It's a principle of capitalism, but taken to the extreme, it's just a strawman. At this point, I think we are pretty sure that some interventions make capitalism better.

This post is specifically about Industrial Policy: https://en.wikipedia.org/wiki/Industrial_policy

But other effective interventions are anti-trust and demand-inducing regulation (e.g. people want to fly because they know it's safe).