[ReadFList]

>To begin with, a fledgling industry in a developing country cannot compete with those of already industrialized countries >these countries are also forced into a position where they get stuck at the low end of the production value chain, selling raw materials, while buying processed goods from others (often the same role they were forcibly assigned when they were colonies

Basically what Friedrich List [1] wrote in 1841 [2], and being proven correct time and time again while we completely disregard it.

Now you can even go further and ask yourselves if what is happening in the West by moving all the factories and manufacturing to China and neighbouring countries isn't exactly like the Colonization of the Americas by the British.

It wasn't luck that made the USA Great. It was the best stock from Europe who come up with the American School [3], and we can now see the tragic consequences of abandoning it for "free" trade.

If a country imports manufactured goods and exports raw materials, it is a colony.

[1] https://en.wikipedia.org/wiki/Friedrich_List [2] https://archive.org/details/nationalsystemp00nichgoog [3] https://en.wikipedia.org/wiki/American_School_(economics)

[devdas]

It was a lot of luck. Today, you would need access to oil for energy (which needs USD), and far more complex technology, which needs money to acquire.

The US could also support massively extractive industries internally. Most countries can't do that.

[Mat342]

Honestly I don't think americans can outcompete Japan, Korea Taiwan or China. Maybe they keep accepting fake printed USD for real stuff in the future

[ReadFList]

Lot's of people said the same about the USA becoming economically independent of the all powerful British Empire. And yet the USA did it.

Alexander Hamilton's influence goes way beyond inspiring a ridiculous musical for an attempt to capture that historical personality and distort his positions so nobody would read his writings.

There is a vast difference between not being possible, and the interlopers we call "the elites" not wanting to do it because they have other interests that don't overlap with the Nation's interests.