←back to thread

842 points putzdown | 1 comments | | HN request time: 1.665s | source
Show context
kotaKat ◴[] No.43692997[source]
Missing reason #15: commercial lenders with a brain realize that these tariffs and this self-imposed domestic crisis will dissipate in the next ~6 years. Nobody's going to lend in this market to try to spin up a new greenfield project in the US that will take years to get operational when they can sit and ride it out - ESPECIALLY at these interest rates.
replies(5): >>43693282 #>>43696238 #>>43702316 #>>43704755 #>>43705404 #
Cthulhu_ ◴[] No.43702316[source]
Not only will it take years to get operational, there is no way it would ever reach the scale and reach of Chinese manufacturing, not in six years, not in sixty. Even if they throw trillions of investor money at it.

China and others are clearly demonstrating the power of capitalism with state support. The US is too busy infighting and keeping capitalism and politics separate (small government, let the market decide etc). You wouldn't find enough employees that want to work in manufacturing; you'd need millions to even try and get close to what China is doing.

Now I'm not actually OK with what China is doing, the paragraphs about worker conditions were quite telling. But I will recognize that it gives them the upper hand in manufacturing that the US hasn't had since the 50's.

(meta: I'm gonna have to specify "the 1950's soon" don't I?)

replies(2): >>43704275 #>>43704639 #
slfnflctd ◴[] No.43704275[source]
The apostrophe when specifying decades is incorrect, it's a common grammatical error.

Should be "50s" and "1950s". Sorry, I usually don't do this but I otherwise liked your comment and thought you might want to know.

replies(1): >>43715751 #
1. greenie_beans ◴[] No.43715751[source]
hacker news is so much fun.