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by hollerith
1060 days ago
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>The West . . . has nowhere near the manufacturing capacity as China alone. That's not true. It is not even true of low-end manufacturing because on the low end, the critical input is energy, and the US has much lower energy costs than China because China must import most of its energy. |
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Just keep believing that. Energy is but one input cost.
But a question: "If it's so much cheaper to produce stuff in America, why is the World's manufacturing done in China?"