How Will America Get Economy Going Again?... this, maybe

[gnome]

Quote from rros:

That is fine. I maybe wrong too. As you say, noone knows.

I came to this country in 1991 and I still believe the "american market" is not only alive and well but that is "Gnormous" -one level above gigantic- and that the american spirit and american minds will soon find ways to invent/create all sorts of stuff/gadgets/innovations to look after those now elusive dollars. That is the point I was trying to make, that if you leave people alone and give them a chance, people will innovate and that is an economic engine unto itself. When the big gets bigger there is much less space for the little guy to come up with ideas. Plus the road-to-market is usually closed.

Yours is a "stars in your eyes" hopefulness.. and unfortunately misplaced.

True, America will continue to be a hub of innovation... but the big money and jobs are not in the innovation, but rather in the PRODUCTION... and with labor costs being so low overseas, the lion's share of the money and jobs will go there.

It's a basic law of economics.. the low-labor cost genie can't be put back into the bottle.

 

[jjf]

Quote from oktiri:



So stop talking about "wealth distribution"
and if you're really concerned about your kids, and start talking about EXPORTS

Won't you need a soft dollar to export.

 

[oktiri]

Quote from jjf:

Won't you need a soft dollar to export.

NOT if the products were competitive on their own, you don't need a debased $.

 

[jjf]

Quote from oktiri:

NOT if the products were competitive on their own, you don't need a debased $.

You will need to explain that to me.
Are you saying that you can reduce the cost of manufacture below the competitive currency level.

 

[oktiri]

Quote from jjf:

You will need to explain that to me.
Are you saying that you can reduce the cost of manufacture below the competitive currency level.

high quality= high margins. Cost of manufacture LESS of an issue.

BMW vs Dodge. <--- Your answer
Apple vs Acer <---- Good us example

 

[gnome]

Quote from oktiri:

Nope.
your main argument seems to be wealth distribution (we know who's targeted by that) when in fact what's suckig the riches out of the country is current account deficits.
Do you have any idea how the economoy works retard ?

If you want to generate wealth inside the country, you have to have a powerful industrial tissue and export things people want.
GOtT IT ?

So stop talking about "wealth distribution"
and if you're really concerned about your kids, and start talking about EXPORTS

It's obvious that YOU don't get it.

True, we NEED to have excessive exports. WHAT are we going to export? What can be made here that can't be made cheaper overseas? Why would someone buy more expensive American goods when he has a cheaper alternative?

Take my advice. Please think a bit before you spew.

 

[oktiri]

Quote from gnome:

It's obvious that YOU don't get it.

True, we NEED to have excessive exports. WHAT are we going to export? What can be made here that can't be made cheaper overseas? Why would someone buy more expensive American goods when he has a cheaper alternative?

Take my advice. Please think a bit before you spew.

Gnome,
HIGH MARGIN products,
if we were to follow your logic, the entire white collar workforce of the US should resign and have their jobs done by Indians for 10 cents on the $.
The input of BRAINS carries a lot of VALUE.

you want to compete with China building cheap Toys ? Good luck

 

[jjf]

Quote from oktiri:

high quality= high margins. Cost of manufacture LESS of an issue.

BMW vs Dodge. <--- Your answer
Apple vs Acer <---- Good us example

But what about the heritage of the product and the manufacturer.

Swiss and German engineering has spent decades building up their heritage and you are suggesting building BMW quality autos in US and exporting at comparable pricing.
All very interesting.
I wonder why you are the first person to dream this up.

 

[oktiri]

Quote from jjf:

But what about the heritage of the product and the manufacturer.

Swiss and German engineering has spent decades building up their heritage and you are suggesting building BMW quality autos in US and exporting at comparable pricing.
All very interesting.
I wonder why you are the first person to dream this up.

No , how was the state of the US military a few years before world war II
How was the state of the US space program ? how long did it take us to send men to the moon.

Look at Tesla, they'll bury BMW...

GM didn't fall because of a poor workforce or stupid designers and incompetent engineers. Biggest problem is US is the management class who were too stupid to position themselves strategically for high oil prices and environmental awareness.



There is a lot of potential that can be activated, if only, we stop looking for gimmicks......

US is the most creative workforce in the world, proven again and again and again

 

[jjf]

I am on a roll here in the spirit of high end products.

Why not hand-make handbags, shoes, scarves watches pens etc and sell them to the french, Germans Italians and Spanish.

I really think that you are onto something oktiri.