[throw10920]

> We need a true industrial policy and state capitalist system similar to what Japan, South Korea, Taiwan, and Singapore have.

You forgot China. If you institute strong controls over industry in a country the size (and culture) of America, you won't get Japan, you'll get China, and the corresponding anti-features of their system (such as authoritarianism in general, and companies acting as agents of the state in particular).

Very few people want that, and certainly not me.

There are far better ways to build robust manufacturing systems than complete government control.

[foobarian]

There are some uncomfortable questions raised here. Why is it desirable to build "robust manufacturing systems?" Why was it desirable to overengineer appliances to last decades in the 50s, other than "the designers felt it was the proper way to do it" and there was no market pressure to steer them otherwise. How many resources were wasted on such appliances over those decades?

If the supply chains have very little slack and products are designed with minimal material inputs, sure there may be some availability hiccup here and there, but how bad is that really and by what metric. At the same time many more people get to have access to modern goods due to lower costs and less unneeded material, less is wasted due to inventory stockpiling, and we are overall more efficient.