The Post-Industrial Economy Failed

[Kamaji]

The Post-Industrial Economy Failed

What next?

Nathan Hitchen, Robert W. Patterson
May 22, 2023

When proposing a nation-building strategy in 1791, Alexander Hamilton argued that “prosperity of manufactures” would reverse the foreign economic dependence jeopardizing the republic’s newfound freedom. His industrial innovation agenda, later championed as the “American System,” produced a manufacturing foundation that fed American domestic and foreign policy strength in the 19th and much of the 20th century.

But after 40-plus years of outsourcing, the nation’s industrial engine has rusted away. Trade deficits, especially in advanced technology products since 2001, when China entered the World Trade Organization, signal the return of foreign dependence jeopardizing our defense, innovation, and living standards.

While the U.S. financial sector prospered, China became an industrial superpower, the 21st-century Arsenal of Autocracy. Beijing boasts the world’s largest ship-building industry and a fleet build-up we cannot match, according to the secretary of the Navy. Nor can we match its massive missile stockpiles. In a war of choice over Taiwan, the United States would—within seven days—run out of long-range anti-ship missiles, which require nearly two years to produce.

Beijing dashed ahead in an industrial-technology race while we shrugged off its Sputnik moments. Years before a China spy balloon triggered a national freak-out in February, in 2016 Beijing launched the world’s first quantum communications satellite. Three years later, a Chinese spacecraft landed on the moon’s far side, a feat we never achieved.

And now the Asian giant boasts stunning leads in thirty-seven out of forty-four critical and emerging science and technology fields assessed in a new report funded by the U.S. State Department and Special Competitive Studies Project. Its innovation excels in synthetic biology, photonic sensors, advanced batteries, telecommunications, and nanoscale materials and manufacturing. The United States leads only in the remaining seven fields.

These ominous developments demand a reassessment of the “post-industrial economy”—the myth that has rationalized U.S. deindustrialization.

*  *  *

Source:  https://www.theamericanconservative.com/the-post-industrial-economy-failed/

[Fishrrman]

Title and presumption:
"The Post-Industrial Economy Failed"

Nathan Hitchen asks:
What next?

Fishrrman:
If we're lucky: The New Feudalism
If we're not: The New Dark Ages

[Weird Tolkienish Figure]

The Post-Industrial Economy Failed

What next?

Nathan Hitchen, Robert W. Patterson
May 22, 2023

When proposing a nation-building strategy in 1791, Alexander Hamilton argued that “prosperity of manufactures” would reverse the foreign economic dependence jeopardizing the republic’s newfound freedom. His industrial innovation agenda, later championed as the “American System,” produced a manufacturing foundation that fed American domestic and foreign policy strength in the 19th and much of the 20th century.

But after 40-plus years of outsourcing, the nation’s industrial engine has rusted away. Trade deficits, especially in advanced technology products since 2001, when China entered the World Trade Organization, signal the return of foreign dependence jeopardizing our defense, innovation, and living standards.

While the U.S. financial sector prospered, China became an industrial superpower, the 21st-century Arsenal of Autocracy. Beijing boasts the world’s largest ship-building industry and a fleet build-up we cannot match, according to the secretary of the Navy. Nor can we match its massive missile stockpiles. In a war of choice over Taiwan, the United States would—within seven days—run out of long-range anti-ship missiles, which require nearly two years to produce.

Beijing dashed ahead in an industrial-technology race while we shrugged off its Sputnik moments. Years before a China spy balloon triggered a national freak-out in February, in 2016 Beijing launched the world’s first quantum communications satellite. Three years later, a Chinese spacecraft landed on the moon’s far side, a feat we never achieved.

And now the Asian giant boasts stunning leads in thirty-seven out of forty-four critical and emerging science and technology fields assessed in a new report funded by the U.S. State Department and Special Competitive Studies Project. Its innovation excels in synthetic biology, photonic sensors, advanced batteries, telecommunications, and nanoscale materials and manufacturing. The United States leads only in the remaining seven fields.

These ominous developments demand a reassessment of the “post-industrial economy”—the myth that has rationalized U.S. deindustrialization.

*  *  *

Source:  https://www.theamericanconservative.com/the-post-industrial-economy-failed/

The US has 3.5% unemployment. Where are the workers going to come from to lead this "reindustrialization"? Around here small businesses are cutting back hours because of a lack of workers.

So we'll have robots making shit? That will benefit us? Not sure how.

[DB]

BS.

China (mainland) can't even make a modern cell phone CPU.

[Smokin Joe]

The US has 3.5% unemployment. Where are the workers going to come from to lead this "reindustrialization"? Around here small businesses are cutting back hours because of a lack of workers.

So we'll have robots making shit? That will benefit us? Not sure how.

We do have robots making our shit now.

Nothing wrong with that because people want to sit on their butts and click mouses rather than get their fingers dirty. Someone has to do the heavy lifting, and fewer and fewer of our youth want to.

[sneakypete]

It did NOT fail.

It was PURPOSELY torpedoed by the Billionaire Boys Club and their congressional lackeys.

[Fishrrman]

^^^^^^^^^^^
YOU GOT THAT RIGHT, Pete...!

Remember "NAFTA"?
Remember "Free trade"?

Lots of folks here will shrink from hearing that which they once embraced, with vigor.

I just spit on the ground.

[Kamaji]

The US has 3.5% unemployment. Where are the workers going to come from to lead this "reindustrialization"? Around here small businesses are cutting back hours because of a lack of workers.

So we'll have robots making shit? That will benefit us? Not sure how.

That unemployment number doesn't represent the relative supply, or lack thereof, of individuals who can work; it represents an artificial number of the ratio of those who, on a survey, say they are actively looking for work as a percentage of the overall number of people (an estimate itself) who are currently working.

[Weird Tolkienish Figure]

That unemployment number doesn't represent the relative supply, or lack thereof, of individuals who can work; it represents an artificial number of the ratio of those who, on a survey, say they are actively looking for work as a percentage of the overall number of people (an estimate itself) who are currently working.

I am well aware of that.

[jmyrlefuller]

We do have robots making our shit now.

Nothing wrong with that because people want to sit on their butts and click mouses rather than get their fingers dirty. Someone has to do the heavy lifting, and fewer and fewer of our youth want to.

Fewer and fewer youth exist, thanks to birth control, reduced pressure to bear children, and other population neutering measures.

[Weird Tolkienish Figure]

In a capitalist/mix-market system then really the only way to really gauge unemployment is through a survey, such as what we do. I believe the payroll list is a list of actual users in the unemployment rate.

By itself, statistics figure and all that, but in combination with other visible factors of a body shortage (and the squishiness of youngun's), I think it's clear that the US might have a time attracting a huge industrial economy with our current workforce.

[sneakypete]

Fewer and fewer youth exist, thanks to birth control, reduced pressure to bear children, and other population neutering measures.

@jmyrlefuller

Yup. Owners of Mega Corporations WANT robots because robots don't strike,don't draw paychecks,draw unemployment,require health insurance,retirement plans,etc,etc,etc.

Once again,The Billionaire Boys Club are behind this solely because it benefits THEM,and they flat don't give a damn if it turns America into just another 3rd world country. In FACT,they would benefit from it in every respect you can think of.

I am sure it is just a coinkydink,though. I know this because the politicians from both  parties spend all their time telling us how hard they work to keep US and America working. The problem is nobody has ever bothered to ask any  of them ON CAMERA just exactly WHO benefits the most from this crap.

[Smokin Joe]

^^^^^^^^^^^
YOU GOT THAT RIGHT, Pete...!

Remember "NAFTA"?
Remember "Free trade"?

Lots of folks here will shrink from hearing that which they once embraced, with vigor.

I just spit on the ground.

Ross Perot: That great sucking sound....of jobs going south.