Monday, March 27, 2023

USA 2.0

As the world comes to the end of 75 years of globalization and welcomes jobs back home, there will be shortages of important elements like rare earth, cobalt and lithium. This means that the products that use these minerals will have to be prioritized. First the military and then consumer products like TV's and cell phones. Wind and solar and EV's can be put on the back burner as gasoline and diesel can power transportation and natural gas can continue to make electricity. If the current supply chains can be maintained the change will be gradual and less disruptive. Only 15% of our GDP is imports so the change can occur over a five year period while new manufacturing facilities are built here in America. Many of these new plants will be build in Mexico where there is a supply of young workers. A lot of what will remain as imports will be from small countries in Southeast Asia, places like Vietnam and Singapore. America will continue to lead the world in innovation because of the freedom of individuals to create and the higher education system.

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