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by jordhy
1387 days ago
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America is a victim of its own success. The market is so primed with sales, management and arbitrage opportunities that young minds are hard pressed to take on those roles instead of building. Notable exceptions are high tech enterprises, where proven paths to scale are commonplace and provide attractive returns for many. The typical builder class is better off importing, subcontracting or outsourcing key value add operations. This creates several vacumms: local talent, cheap infrastructure (since decreased consumers increase prices) and, finally, weaker supplier networks. Over time, these loops combine and grow, making it harder and harder for companies to compete. Incumbents exit the market unless governments step in and provide incentives that either offset externalities or reduce operations costs for corporations. As an example please check this article about the Mac Pro production in America: https://www.cnn.com/2019/09/23/tech/apple-mac-pro-united-sta... |
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