Infamousblt [any]

Bit idea: DM me your bit idea

  • 18 Posts
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Joined 4 years ago
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Cake day: October 1st, 2020

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  • To your point 3, I don’t think the US in its current form will ever actually onshore meaningful industry. Industry is a riskier and lower impact investment. It takes a ton of money to buy land, build a huge building on it, fill it with machines, fill it with people, train those people, fill it with inputs, and coordinate the shipping and distribution of the outputs. This is a huge huge huge cost for not a lot of payoff in the short term, at least to someone trying to fund it privately.

    What private investors want to do that when they can just buy real estate or insurance bonds or whatever, rent it or turn around and sell it all in a few years for a huge profit to some other investors trying to do the same?

    Trying to onshore industry to the US via protectionism won’t accomplish anything meaningful beyond “Americans can afford less shit.” An economy built on financialization and that doesn’t care about anything except short term profit has no incentive to build industry. At the kind of scale that would make a meaningful impact on the average American, only a government could accomplish it, and that definitely won’t happen.