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355 points pavel_lishin | 5 comments | | HN request time: 0.202s | source
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isthispermanent ◴[] No.45388969[source]
So the authors basic argument is to offshore bus production. As if that doesn’t carry any negative side effects.

This is exactly what the majority of Americans voted against and exactly why the left can’t find its footing. Everyone is now fully aware that offshoring for a cheap sticker price comes with higher, harder to price costs elsewhere.

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1. rootusrootus ◴[] No.45389053[source]
> This is exactly what the majority of Americans voted against

Hardly. Less than two thirds of Americans actually bothered to vote. And a slight minority of those voted for the current government.

In any case, why does this need to be about identity politics? And if so, why are you suggesting that only the left is committed to an open, free market? Isn't that more traditionally a right-wing position?

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2. jvanderbot ◴[] No.45389093[source]
All fun and games to point out seeming contradictions! Especially here.

Unfortunately GP is right - optics matters more than factual correctness, and the optics here is mixed - yes gov is overspending, but the solution is to offshore more jobs.

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3. toomuchtodo ◴[] No.45389104[source]
"Government is spending the amount required for developed world jobs to build buses." would be a better title than "US cities pay too much for buses." The macro of deflationary globalization due to enormous surplus labor in the developing world are mostly over.

Someone's comment said "why not let China subsidize US bus deployment?" I think that's a fine argument, as long as we're still spending to keep the US manufacturing muscle strong. The cost is the cost to have domestic skilled manufacturing labor at the ready, and someone is going to have to pay it, because you're not going to be able to buy warships from China for war with China. No different than the US auto and aerospace industries retooling from civilian to military production rapidly during previous world wars.

Corporate America cares about quarterly profits, not capability readiness. This is an incentive alignment and capital efficiency issue requiring policy improvement.

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4. isthispermanent ◴[] No.45389136[source]
China is neither an open or free market. Opening the door to China and their industrial policy is exactly what distorts traditionally free and open markets.
5. toomuchtodo ◴[] No.45392080{3}[source]
Citations:

https://www.noahpinion.blog/p/manufacturing-is-a-war-now

https://time.com/7313207/ford-ceo-farley-essential-economy-w...