Hacker News new | ask | show | jobs
by wantsanagent 701 days ago
I will point out that this is less of a problem than offshoring labor and/or manufacturing

- It results in more people trained in the industry here

- As a last result you can nationalize industries on your own soil

Now the second point is obviously a bit far fetched, but in the advent of a conflict with China where trade is disrupted, if your manufacturing plants and expertise are already in the country then you will face less disruption.

1 comments

> As a last result you can nationalize industries on your own soil

You can only do this once in 40-60 years; and this will get everyone scared for their money and investors anxious to invest anything in your economy for a long time. Definitively not worth it (as the upside here is only the profit of the companies rather than security since they are already operating on your lands)

As a Canadian, I would not get scared to invest in the US if the US adopts a policy of nationalizing every industry owned by countries it is at war with.