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by lumost 1005 days ago
Is the looting behavior just a response to US industrial policy? US policy has made US manufacturing tenuous for decades. Meanwhile US policy has also provided the means and mechanisms to ship manufacturing abroad.

Given the above, isn’t the optimal strategy to maximize profit extraction in order to invest in new industries?
2 comments
TheOtherHobbes 1005 days ago
It's a response to a planetary economy incentivised to reward resource extraction, rent seeking, and individual greed over collective intelligence and creative strategy.

The US corporate right evangelised this culture as "freedom", and now it's being eaten from the inside out by it.

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jdk354 1005 days ago
Its likely that if many things were made in the US, they would be too expensive for most people to afford, a smartphone might cost $5000. The US could re-industrialize but it takes a lot of robotics due to high labor costs in the US.
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lumost 1005 days ago
My understanding is that robotics were being heavily developed in the US in the 80s/90s to improve costs. Then outsourcing took the wind out of the sails for robotics.

Maybe the tech was to far out, or maybe we would have had vastly more advanced industrial robots.

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