U.S. Industrial Power Is Back.

[@GoodTimesBadTimes]

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[@TheBryceWade]

Just Remember: The reason kammunist China is the threat to the US it is, is because Wall Street moved US industry to China.

[@RaysNewLife]

Unemployment of 9% more people than that are on section 8 and food stamps... You really need to consider your sources better

[@darickhibbert1624]

What should the number be then? I work in and around the city (Detroit) every day. Buildings are going up everywhere. Old plants and factories have been coming back to life all around me, for 12yrs easy.

[@RaysNewLife]

@@darickhibbert1624 the city has an section 8 shortage and they say it's needed for more than 30% of the city. Does the city still have an income tax and the same administration that destroyed the city? I know everyone wants to look at things in rose coloured glasses but it's nowhere close to what it was and when you factor for inflation no reason to think it ever will be. In the 80s the average household income was like 60k+. It's like half that or less now and then money is worth less than half so it's really closer to 10-20% of its former glory just off the numbers.

[@darickhibbert1624]

@@RaysNewLife 60k+ in the 80s? Your dad must've had a trade or been a boss? That ain't what I made on the line in 91 doing 10hrs 6 days through 95 for that matter. I do plumbing now. I'm all over town (like I said). I'm in those buildings, brand new factories or 200+yr old houses. We're never the only trade there. Those ain't rose colored glasses. I'm also not arguing. I think the people who put this video together did a good job of it and published it at a time it needs to be heard.

[@V.stones]

It’s been gradual, but I think with reshoring and the whole focus on reducing reliance on overseas production, it's becoming more obvious.

[@camela8445Mar]

I’ve been following the trends, and companies tied to infrastructure and clean energy seem to be booming. But it's tricky. You don’t want to dive in without a solid plan

[@Kseniaramesh]

Exactly. Industrial growth is great, but knowing how to position your portfolio to benefit from it is the key. That’s where wealth management comes into play-timing, the right sectors, and long-term strategy

[@Kattyol1]

For sure. I’ve been fortunate with my investments over the last few years, and a lot of it has been because my advisor, Joseph Nick Cahill, really understands these shifts in the industrial space.

[@Kattyol1]

He’s been able to guide me into some high-potential stocks without taking on unnecessary risk

[@Colbe-lx7fb]

I've heard good things about him. Is he more focused on trading, or does he do a bit of everything?

[@TheChronozoan]

As a CNC machine operator in a factory that is over 1m sq ft in the US, I am SO very excited for the future of american industry. Im in a less exciting sector than those cool kids making processors, yet i am still in a very important sector, the industrial heating and air sector. Our machines will be cooling those megafactories being built in the US, and worldwide. Very exciting times!

[@yasmada5]

I’m a professional metal fabricator and have had lots of conversations with myself about how my skills shouldn’t die. Grew up and learned my trade in south east Michigan which is a tough market. I’ll be happy to teach the new fabricators.

[@stargazer4683]

Awesome news best of luck

[@TheChronozoan]

@yasmada5 I would love to have someone with your mentality at my company. To be frank my company is not really that great in terms of how they treat me, but since I don't have enough certifications yet, I am paying my dues I guess. I really don't like that mentality. I think that if the person has the aptitude, the motivation, and good attendance then to the moon they should go.

[@nightmark2120]

@@yasmada5 This is similar Peter Zeihan prediction

[@tdn4773]

Thank you for your service.

[@Alaska-bi2nm]

As a construction worker in Alaska I must say, there is so much work in expanding our infrastructure up here for both oil and industry you literally can't be unemployed unless you tried. It's insane how easy work is to come by. It's amazing to see my country reclaim what my grandfather helped build in the 1930s.

[@andygoody2599]

Doing God's work building in the cold up there. I can't even imagine.

[@Bruvva_Wu]

I'm next door in The Yukon. Alaska is the most beautiful part of America! And Alaskans have been some of the nicest people in the world that I have met! I can be to Skagway in 2 hours drive, except I don't wanna take my car over the border. ,might be a roach long forgotten under the seat cushions 😂

[@Hamletbls]

The amount of jobs means nothing if they don't pay a reasonable wage

[@stevedavenport1202]

Many construction workers try to be unemployed by taking drugs.

[@TikiTayte]

If you can't find anyone to pay you a "reasonable wage" that's a you problem ​@@Hamletbls

[@alansnyder8448]

This one is personal for me. I grew up in Ohio where I watched the steel mills close. I got my engineering degree and then moved to Texas and California because that is where you could get work. It wasn't available then. I hope to leave California; return to the Midwest and bring some jobs with me when I start a company there.

[@NeygarzruinedAmerica]

Doubt

[@jackthorton10]

Ignore him, good luck good sir, from one future worker to the t

[@herisuryadi6885]

Hope you find success!

[@Allaiya.]

Wishing you the best success!

[@ZalamaTheDragonGod]

The industrial bourgeoisie did that to you

[@kev_sen]

It's wild how massive super factories and industrial/tech parks can pop up in the middle of nowhere USA in a few short months with thousands of people working there alongside hotels, stores & services etc.

[@BasedAchaemenid]

beauty of what made America great - private enterprise

[@tdn4773]

@@BasedAchaemenid Along with government policies to encourage domestic mfg.

[@scepticalbeliever]

Even homes and schools

[@Devilishlybenevolent]

@@BasedAchaemenid Private enterprise (with a ton of tax incentives, breaks, subsidies) but go off kid lmao

[@danix4883]

I am in Arizona, legit 3 enormous factories have popped up near me in the last 2 years, with 2 more being built, its exciting to see

[@benjaminwinchester3408]

About time we factored in all the benefits of producing something inside America i.e., jobs, workers spend wages in America, infrastructure, national security, R&D within the country, less travel, more exports, less reliance etc. rather than just the cost of making and shipping a product, not to mention quality; if the free market and companies can't do it, Gov should step in (the same applies for Britain where I'm from, we've just sold our steel making companies an absolute disgrace)

[@tonyraffetto931]

Just FYI, one of the other side effects of all that growth is inflation. Worth it IMO

[@luis-ie3de]

All those "benefits" simply mean smaller profits for corporations. And the supreme court has ruled that corpoetations should try to make as much money as possivle

[@Teutathis]

The idea that everything produced in China being of lower quality is outdated by at least a decade. That being said, there's of course reasons to revoke the current world trade order when It's painfully obvious that not all countries are obeying the rules. Same goes for global warming. I see no reason why a country like Norway should have to decrease their pollution levels when India and China with their massive populations don't care.

[@killzolot]

It has, and always will be in a capitalist system, a race to the bottom since corporations will act in their own self interest as opposed to the interest of society. Anti homeless measures for your building alone is much cheaper than providing housing, mental health services for the mentally ill, healthcare for the chronically ill, better disability services, and everything else that would be needed to help actually reduce homelessness for everyone. Similar for the environment, health issues that arise from pollution and pfas, outsourcing, etc. We have to legislate these things to make sure everyone is on the same playing field and no one can gain an advantage for the negative externalities that are created when they are trying to cut costs.

[@theliato3809]

@@killzolotit hasn’t been capitalist since the first great war

[@KnivesOfTheRound]

I just delivered 25 tons of rebar to a massive Panasonic Energy plant being built in Kansas.

[@toolwithintention]

City nearest?

[@DejiiJones_]

Which city ?

[@DrCruel]

_"In Spring, 2025, Panasonic Energy North American will open a 300-acre manufacturing facility in De Soto at Astra Enterprise Park. The facility represents the largest economic development project in Kansas' history."_ -De Soto City Hall

[@DrCruel]

_"On July 13, 2022, state officials announced during a press conference that Panasonic was the company in question, and had selected De Soto for its planned $4 billion electric-vehicle battery manufacturing facility, to be constructed on the northernmost portion of the former Sunflower Army Ammunition Plant. The facility is expected to provide 4,000 direct jobs, with an estimated 4,000 additional jobs by non-direct development related to the facility, and 16,000 construction jobs. It is the largest, costliest single development in Kansas' history, and will be one of the largest private employers in the state once operational, which is expected to be in July, 2024."_ -Wikipedia

[@drewanderson2768]

@@toolwithintentionit’s 25 min sw of KC

[@Ifraneljadida]

I grew up in Cleveland and my childhood was basically 1998-2012. I saw firsthand alcoholism, depression and poverty brought into the communities of good people because suddenly the jobs everyone had were gone. Not to mention the Browns.

[@blizzard1198]

Who are the Browns?

[@goldensucc126]

@@blizzard1198a minority group that commits more than 50% of US crimes

[@milkshake1993]

​@@blizzard1198 the Cleveland browns sports team, what did you think?

[@stevedavenport1202]

I think the Browns will be a perennial source of depression for you guys.

[@Ifraneljadida]

@@blizzard1198 the browns are essentially an organization designed to torture every person who lives in Cleveland. Don't learn about them. There is no going back

[@ElderFreeman413]

I'd like the average American to support the rebuilding of their communities

[@complexaltruist]

They need the higher wages to afford it

[@AlmaVasquezjr]

We have to plan to survive the end of fossil fuels.

[@TheGreatOne-gw7xh]

​@@AlmaVasquezjrmost western nations are already moving towards green energy. Middle eastern countries like saudi arabia are the ones who are struggling.

[@jhrusa8125]

​@@AlmaVasquezjryeah poverty

[@Silentinthelibrary]

@@AlmaVasquezjrNuclear energy. Moving on.

[@cameroncunningham204]

America is literally the only nation that can provide almost all of its own needs (food, fuel, electricity) without the worry of supplies being cut off, Europe, and Japan can't even compare to this. If we can ever get our head out of our A$$es and make structural changes that will help every one, and retool our workforce we can continue to be the only global power on earth

[@goldbullet50]

If only you stayed within your borders, rather than seek being the "only global power" at the expense of everyone else.

[@jayc1139]

Eh, I see the fault of this in BOTH political parties. They both say buzzwords and buzz phrases that would get your attention for votes. More often than not they then 'skim' on what they jibbered and don't do anything. If they do eventually get around to what they said they'd do, then it takes such a long time, and there are constant delays.

[@cameroncunningham204]

@@jayc1139 It’s not the fault of both political parties, it’s the fault of the people. Politicians are a reflection of their constituents. We chose to be in the mess we are in so until we decide to do something different we will stay in the quagmire

[@caffeinatedinsanity2324]

​@@cameroncunningham204I'd like to correct you on that. They are the reflections of corporate elites. The people are not the ones paying their propagandila campaigne, tv time, radio time, advertisement, etc... While US citizens vote for them, the corporate sponsors are the ones, in the end, calling the shots.

[@MasonMuhlbeier]

Our American mentality is so interesting, one of the few countries that blame their own people for their troubles rather than the politicians. Because frankly, the two political parties and the politicians themselves aren't really at fault. They were manipulated unknowingly or knowingly into becoming very polarized. It's so interesting ​@cameroncunningham204

[@Marylandbrony]

In the words of one of the most famous Detroiters, Marshall Bruce Mathers III, aka Eminem: Guess who's back?

[@zkittlezthabanditt604]

Hell yeah

[@VibnWavez]

😆 works so well here

[@puenoune9316]

THE most famous Detroiter

[@JohnGeorgeBauerBuis]

@@puenoune9316yes, he probably is, although he was born in St. Joseph, Missouri, the starting point for the famous Pony Express!

[@scarwall]

Madonna

[@jhrusa8125]

Keep in mind when it comes to chips. Only 3 countries designer them, Japan, Germany, and the United States. Taiwan does not design any of them. The etching machines needed to make the chips are built in the Netherlands.

[@notforgotten3685]

With U.S tech no less.

[@steffengrossmann169]

And german mirrors…. What a bugger… you do have to cooperate at least with a few of us … for now 🤣

[@jhrusa8125]

@steffengrossmann169 Unfortunately for Germany, they didn't have any kids. So there's no more young minds for creativity. That's why German technology has been stagnant for years.

[@solconcordia4315]

Did you miss the U.K. being in the chip-design business ?

[@solconcordia4315]

Did you read about Red China's success using synchrotron radiation to make chips ?

[@tc-tm1my]

Seeing the US outpace Chinese gdp reminds me of Japan in the 1980s. Hopefully the future remains consistent with that comparison.

[@ArtOlson-vr9jx]

America is the sleepy giant. Sometimes we nap, because we can.

[@syjiang]

I think the underlying economic structure of US right now is very different from the Japanese situation in the 80s. For one thing US is far less dependent on foreign export, being energy independent and has intrinsic advantages in its capital markets. On top of that, immigration dampens the effects of demographic decline, something that China, Japan and Korea have much harder time adopting.

[@anon_148]

@@syjiang immigration the way it's being done right now in US/EU also kills the country in the long run. Importing third worlders with the almost explicit goal of basically reintroducing serfdom has numerous downsides that can and likely will just cause the country to implode. Slow demographic decline can be tackled without destroying the country, or throwing the baby out with the bath water.

[@davidnavarette6289]

As long as we don't fuck up waterways again

[@arkad6329]

In the 90’s and 2000’s our politicians forgot what made the US the world power. It wasn’t our diplomatic corps, it wasn’t our network of allies, it wasn’t our form of government, it wasn’t our freedom, and it wasn’t our military… When you get to the root cause why the US became the most powerful nation in the world, it’s our Steel. Our industry has been what we’ve relied upon when shit goes south. The US is a giant. She’s slow to respond, but nearly impossible to stop.

[@LyricsQuest]

Agriculture, energy and all the industry technologies across a wide swath of industries.

[@arkad6329]

@@LyricsQuest Yes. Just to clarify; when I say "Steel" I mean our industrial might. Not limited to just steel alloy production. Our agriculture is advanced enough we can count it as one of our Industries.

[@Soluna7]

That combined with geography. The US has quite possibly the best strategic location in the world, as someone put it (I forget who made the quote): "They are surrounded by weak neighbors to the north and south, and by fish to the east and west," alongside all the natural resources available. Geopolitics really influences damn near everything.

[@arkad6329]

@@Soluna7 well, our geography is a double edged sword. Yes, the US is nearly impossible to invade. However that makes it hard to project our power overseas. We cannot walk from New York to NATO’s eastern flank. Nor can we Walk from LA to Taiwan. We need a Navy to get over there; and the Navy needs a strong industrial base to support it.

[@jamesricker3997]

American industry forgot how to compete. It took a little too long but they are finally learning how to do it again

[@alaskanmooseman5975]

The problem with the declining vs ascending empire statement is that China's empire is also declining, in some ways much faster than the US. Population, for example. Who would've guessed that forcing families to limit child numbers by violent force would've led to a population crisis? Shocker.

[@JOSECRUZ-k6q]

Que piensas del t-mec..

[@crescentprincekronos2518]

They are demographically still ahead with nearly 4 times the people. It's hard to compete with numbers without cheating by printing

[@stephenbernard3003]

Taiwan, Japan and South Korea all have very similar demographics without the one child policy. Even as it was lifted it hasn’t really changed things. The economic reasons were just more Important.

[@tw8464]

The "trickle down" crime syndicate is doing the same thing here in America with their draconian State-Forced FAKE "pregnancy" insanity. Violent state force to try to get "free" labor slave labor for the filthy rich. State forced "pregnancy" is same exact "great idea" as the "one child policy" both FALSELY believe the State "owns the womb."

[@Phonger4]

Damn even in Alaska you still spew anti China talking points. You're not even a critical thinker you make baaaaa sounds.

[@jordibt1789]

Could you look into US shipbuilding? that is still, no other word, but, tragedy

[@thephoenix215-po2it]

tragedy is not the right word more like non existent....

[@neolithictransitrevolution427]

​@@thephoenix215-po2itThey make Navy ships still

[@Jerguu]

It never existed in the first place, the only time the US had any "real" rate of ship building was during WW1 and WW2.

[@gmanbo]

The Jones act..... Peter Zehan has a whole diatribe on this. This is largely a union negotiation issue. And likely wont resolve untill years from now. .....

[@gmanbo]

​@@neolithictransitrevolution427 And with difficulty....

[@stevenjohnson891]

Great points here about the enforcement of US anti-trust laws and the acceleration of the US economy through the early 20th century. We in the US should seek a return to anti-trust enforcement and allow our innovation to expand. At least Lina Khan is doing her job very well.

[@beckybnyc322]

Amen 👏🏼

[@marxagarden]

I agree, Khan is why so many billionaires are backing the opposite court despite some obvious conflicting values.

[@QuantumAscension1]

Aaaaand Trump's decided to fire her. WTF?!

[@americannation0327]

This is what made America a power house back in the day. This will also help with bringing in new jobs and helping with lowering inflation.

[@whenisdinner2137]

I have an air condition built in the 70s in thr US and it's STILL BETTER THAN A CHINESE ONE I BOUGHT THIS YEAR.

[@michaelkclark6981]

We traded the power of Globalization for the cost of Manufacturing. Globalization is ending , it our chance again … Good video

[@smallcube-zn2mm]

my country will make sure that US falls and fails to re-industrialize

[@NeygarzruinedAmerica]

Without globalization you have no power. 36T gotta come due

[@monkeeseemonkeedoo3745]

@@smallcube-zn2mm so tough

[@jirislavicek9954]

Globalisation was a (successful) attempt to contain and economically isolate the Soviet Union. The United States didn't profit from it, they sacrificed the most of their industry to maintain the status of the world hegemon. But now this threat does not exist anymore and the world order will start to deglobalise. Geopolitician George Friedman wrote a book on this topic: The next 100 years

[@AL-lh2ht]

Globalization isnt ending....

[@alexv3357]

To be a major power, you need vertical economic integration. The US is a power bar none in agriculture, has almost limitless mineral resources, and a thriving services sector... but proportional weakness in the material industry that lies between resources and services is unforgivable, _especially_ that it should have been surrendered to an expansionist authoritarian country like China. It's long past time that was rectified.

[@NeygarzruinedAmerica]

Are u mentally stubbed m8?😂

[@petergreen5337]

😂 This is NONSENSE. 1) The US lacks a STEM base . 2) The US lacks the necessary supply chains. 3)The US government and leadership LACKS genuine scientific knowledge and understanding. 4) IT'S all financed by BORROWING and DEBT. Just like Build back BETTER. Its is just POLITICAL posturing.

[@taxirob2248]

*surrendered

[@alexv3357]

@@taxirob2248 Oh, thanks. Sometimes I really hate autocorrect

[@taxirob2248]

@@alexv3357 *autocroissant

[@benjamin3044]

Anecdotal but until I can buy a set of tools made in the USA that doesn't cost $600 - I'm not going to agree that US industrial power is back. Tool manufacturing is I would say is a fairly clear indicator of manufacturing prowess and our inability to make affordable US made tools shows me we still have a ways to go.

[@Devilishlybenevolent]

Don't worry, it'll be made in Asia but say "assembled in the USA" just like our Iphones lmao

[@deathpunch3917]

​@@DevilishlybenevolentDon't you want americans salaries as in Vietnam ?

[@monkeeseemonkeedoo3745]

3D printing might solve this, there's already methods for printing metal alloys

[@bunsw2070]

This video and most of the comments look like a fake news story created to support the Democrats.

[@stevedavenport1202]

Umm, do you want our manufacturing employees making hand tools or multi million dollar air planes, machining tools, etc?

[@Charmayne7]

This was an excellent presentation. I learned so much about the history of industrialization. Subscribed!

[@Rocky1115-f2o]

We should keep this up, it’s crucial

[@NeygarzruinedAmerica]

Your cooked if Kamala wins

[@whenisdinner2137]

​@NeygarzruinedAmerica she will literally continue the same policies

[@profesercreeper]

@@NeygarzruinedAmericadid you not watch the video? She will continue the same policies. Americans should not be at each others throats. I don’t care if you are right or left, just want the well being of this country first. Other countries are trying to split us and create infighting.

[@GroßNördlichesEpeor]

​@@profesercreeperthis comment right here has my support/vote instead of separation and division we should be working together but nope neither side will give a inch to that

[@brooklynbud1138]

@@whenisdinner2137 Kamala is a vapid, unqualified opportunist who is deeply unpopular even in her home state of California. Trump's presidency was much better than...uh...um...the guy that uhhh....beat Medicare.

[@Jordanthecool7]

I’m glad to see the country rebuilding it’s Industrial base and reducing reliance on overseas manufacturing. Hopefully we could get back to the amount of production we had during the early - mid 20th country

[@jjoohhhnn]

History doesn't repeat itself but it often rhymes.

[@johnking6252]

It doesn't repeat itself, we just keep tripping over it ? ✌️🇺🇲🔵

[@allenhuff9205]

Thanks!

[@electrosyzygy]

1) GB and Second Reich were in a classic Thucydes Trap. The US should avoid falling in it with China! 2) Explosive demographic growth and emigration from Europe to US was a huge advantage 3) Natural endowment. The US had the natural endowment necessary for everything, including oil, which Europe never had much of. Re-industrialization means everything will be more expensive; that's the cost of decoupling to gain more resiliency and security. This somewhat painful reality is not openly talked about but IMO was going to happen anyway because of resource constraints, political instability and the growing long-term effects of climate change. Silver lining: The increased costs of re-industrialization are relative, somewhat mitigated by demographic decline in China, etc. and increase cost of energy input as more people compete for limited amounts. The North American system has an abundance of resources to make the transition easier.

[@emptybottleb]

Great logical take

[@hudooguru2]

truth

[@HarryMonn]

Even if goods to become more expensive isn't that somewhat offset by bringing back better paying jobs? So ya stuff might cost more but people will be able to afford more. Unless these jobs don't pay well.

[@nightmark2120]

@@HarryMonn This is similar Peter Zeihan prediction

[@TheLucidDreamer12]

​@@HarryMonnthis is optimistic. With how much leverage the current capitalist system has over the government, it wouldn't be surprising if the government has to force every optimal step for national security along the way at taxpayer expense until it's achieved

[@georgebeard2337]

Time to show the world that US industries never went away. They just went on vacation

[@chrisloUSA]

Think we will ever get consumer grade electronics made in the USA again? It would be nice to buy Smartphones and TV made here with domestic materials.

[@rogerk6180]

Those aren't strategic products. So i doubt that will ever happen again.

[@chrisloUSA]

@@rogerk6180I disagree, plenty of computers and their accessories like monitors are used by the military and thus are strategic products. I guarantee most of that stuff used by the military is made in China.

[@Lindsey_Lockwood]

lul

[@gabe61willys]

I graduated in 2009, started my machinist apprenticeship, which I finished in 2013. I eventually bounced between shops for 8 years before giving up. Simply no good paying jobs left in my area. I sell furniture now.

[@Bagginsess]

This video is BS the amount of people I've met that work in a factory is almost zero. Unless you are a firearms or aerospace guy there is very limited work. Appliances, cars, toys, clothing, furniture, etc are barely made in the US.

[@alburaq3290]

​@@Bagginsess US labour is just too expensive. High value add industries might move back to US but a lot of low tech labour intensive industries are gone for good. It makes no sense to manufacture those products in the US.

[@Bagginsess]

@@alburaq3290 it would make sense if we had healthy tariffs. A country doesn't need to make everything but when clothes and stoves are made abroad you have failed as a society. In WW2 the soviets could did not have enough boots and we had to supply them, well we virtually don't make any boots now a days so you can project how well that might go in a future full scale war.

[@alburaq3290]

@@Bagginsess I don't think low value manufacturing like textiles would be feasible in the US. It's too labour intensive and very low value add. Most of the profits is in designing and marketing of clothes not manufacturing. Do you really want simple things to get 2-3 times more expensive?

[@Bagginsess]

@@alburaq3290 lets rephrase the question since you come at it from the point of view of an immoral CEO rather than the worker/consumer or a moral CEO: would you rather there be more well paying jobs so that you can afford to buy better quality goods? I make boots and Bob makes stoves. If I go buy cheap stoves from Santa Claus Bob makes no money. If Bob makes no money he can't buy my boots. If no one buys my boots I can't afford to keep making boots. Now both Bob and I make no money because everyone buys from Santa Claus.

[@maghambor]

Jesus. This was one of your best videos so far. Well done!

[@matiKRK]

All hid videos are great. You just have enough own expertise in this topic to notice its quality.

[@w8stral]

Uh... No... UK free trade? What ALTERNATIVE Lying universe are you/he living in? UK were MERCANTILISTS you FOOL. Their empire did NOT allow trade in. The USA set up free trade during WWII and FORCED the UK/France to join as part of Lend Lease Deal. The so called "economic growth" he has shown is 100% inflation due to rampant spending by Fed government, not industries actually building anything. The great depression was caused by UK(biggest empire in the world) arbitrarily changing the gold standard by ~50% which means their goods were now cheaper and their loan value to USA banks was now cut in half. There are so many glaring HORRIBLE inaccuracies in this video is may as well be an alternative universe.

[@names1842]

I agree this video stood out it was very good. Very high quality content!

[@jeffphilistin6431]

Can I just say that your videos are actually addicting to watch

[@user-cx2bk6pm2f]

"it can be put into three words... twenty years of stagnation" 🤣

[@kira-oi2ck]

In polish it was 3 words and he translated it directly without thinking

[@datasciyinfo5133]

more like 40 years of stagnation, from 1985 to 2024. But I believe US in on its way to rebuilding the industrial economy.

[@raymondd.9644]

@@kira-oi2ck that guy is desperate for any "win" he can get hahah

[@8vantor8]

that was 4 words, not 3

[@themusic6808]

Capitalism isn’t the enemy, it’s corporatism. Eventually American companies realized they could form into conglomerates and corporations and simply make themselves more profitable by outsourcing jobs and paying it’s government to allow them to do so and become more dominant and profitable, which by effect has allowed them to become complacent and is the reason you’ve seen over the past 30-40 years innovation and productivity, as well as growth spurred internationally and not on US soil.

[@dijikstra8]

You're acting like this is not a direct consequence of capitalism. Look up capital accumulation, Marx talked about this over 150 years ago.

[@bloodspartan300]

No the joo is

[@TomyPesantes]

You're correct, now while the other comment makes this the end result of capitalism, which is true, it doesn't have to be with proper regulation and proper investment.

[@Aqueox]

@@dijikstra8>Marx We do not care for a semite’s words.

[@dijikstra8]

@@TomyPesantes The thing is that this is the natural tendency of capitalism, and another natural tendency of capitalism is for money to play a large role in what kind of policies are enforced, so even if you do have proper regulations, they will eventually be upended by capitalists who stand to lose from them.

[@MultiCappie]

As a Canadian, I welcome a resurgent USA, although I still support our free trade with the TPP, EU, and of course NAFTA. Free trade isn't itself bad but it has to be strategised.

[@oliviastratton2169]

Agreed, I believe I free trade for free nations. When countries have compatible political and economic systems, trade can be very beneficial. Because everyone is playing by the same rules and on a level field. It's when you trade with countries that don't have labor protections and flout IP laws that it becomes a problem. Not to say every country needs to be exactly the same. But there's an obvious point where free trade with another country is just a losing proposition.

[@evancombs5159]

@@oliviastratton2169 agreed, this is something I've been telling people for years. Wish more people would agree with this more nuanced take on trade.

[@cabnbeeschurgr]

Free trade can work in some scenarios, but in others protectionism is the best bet. Most notably free trade with the 3rd world and china making a lot of cheap goods for the west, while keeping americans rich in the short term, eventually kills the economy and competitive viability of the american populace in the long term, which are the consequences we've been seeing over the past 15-20 years.

[@TheAnnoyingBoss]

Didnt nafta just sell us out to china? USMCA was better because we invested in north america more the real prize

[@JosTheMan1]

Britain being responsible for Made In Germany label is ironic :D

[@Diegallo90]

America being responsable for China's manufacturing rise is equally ironic

[@gegalvezge]

I love the title, just like i love my country. I was first born American from immigrant parents who came to this country for a descent life and future. I was born and raised in this country and i had a beautiful upbringing. We were not rich, my parents worked six days a week since i can remember. My father has since passed, but I THANK MY BELOVED COUNTRY FOR GIVING US HAPPY MEMORIES. Thank You God Bless you and God Bless the US🇺🇸

[@reporeport]

WOW! Really really good vid man. Tons of stuff in there I was wondering about. Appreciate the hard work I'm sure this was to make and research

[@KC_G4S]

Recent domestic economic and demographic trends in China have me convinced the likelihood of the Middle Kingdom surpassing the US as the world’s unipolar superpower is slim. I think your analogy with 19th century Britain, Germany, and the US is more akin to the dynamics between the US, China, and India, respectively. The US is acting on the economic threat posed by China earlier than Britain did with Germany, but China’s rise has been much faster than Germany’s was, and to a certain extent, their momentum has quickly burned out. If the US was the unseen third party that rapidly surpassed both superpowers because it was able to exploit domestic resources at greater scales than the two dominant powers, then depending on India’s developments in the next decade, the analogy could better indicate where India is headed while the US and China squabble. Now that doesn’t mean I’m saying history determinines the outcome of events yet to come, as India has to REALLY course correct if it wants to leverage its advantages the way the US did at the turn of the 20th century. But if it could fully activate its workforce, industrialize its agricultural sector, and weed out corruption, among other issues, India does have a lot of potential. That being said, I think anyone who has seen the last 5 years of global GDP growth data can say the US is doing very well for the time being.

[@monkeeseemonkeedoo3745]

India DID place a nice probe on the moon for much less than anyone thought was possible. Like, less than 100 million I believe. Plus there's a lot of confidence and patriotism, I think the talent is there for sure. But at the same time, it's more diverse than the USA was back then, there's many obstacles to overcome and it's not clear that the government will manage it

[@steviechubbs5238]

India also isn't alone on its subcontinent, with a perfect rival and enemy within arms reach; Pakistan. It's like if I'm Taiwan had 200 million people and nuclear weapons

[@fly463]

​@@steviechubbs5238 the main enemy isn't Pakistan, that's old news. Pakistan has been neutered for the most part, the major problem is China.

[@fly463]

​@@monkeeseemonkeedoo3745 yes industrialising from scratch like China/South Korea is not easy at all. The world will get the answer whether she will succeed or not in the next 10-15 years

[@NoMustang273]

@@steviechubbs5238 This is true but Pakistan doesn't block India's access to the Indian Ocean. The country will have a much easier time flexing its naval muscles than China will due to it being much less crowded and its geography. I think Pakistan mainly poses a problem in limiting India's access to Central Asia and to a lesser extent the Middle East though its clout in the latter has been growing tremendously.

[@ssssaa2]

If you look up Manufacturing data, you can see that the US Manufacturing sector is not expanding at all. In fact it is still shrinking as a percent of total GDP losing ground to services. This is all basically speculation as of yet that things will somehow improve. Hasn't happened yet, nor is there any strong evidence to suggest that it will.

[@hillsideballers8223]

Nah it increasing I'm here in texas and see it in action in working on the construction site for these big mega factory its just not in your area you need to move buddy I'm getting payed 3k per two weeks its not even funny keep doubting our country trash can

[@holmanthehorror6127]

How does that say that manufacturing is shrinking? All that means is that services are growing much faster then manufacturing.

[@raam1666]

​@@hillsideballers8223No, it's not. U.S. manufacturing is shrinking.

[@raam1666]

​@@holmanthehorror6127U.S. manufacturing is shrinking in terms of absolute dollar values. In 2004 (in 2004 dollars) Manufacturing GDP was 2.4 trillion. Now, its not even 1.8 trillion (in 2024 dollars). And it's still shrinking.

[@FobbitTheHobbit]

​@@raam1666 The Bureau of Economic Analysis has data available on this for free, and they put the total value of manufacturing in Q1 2022 at 2.6 trillion, Q1 2023 at 2.76 Trillion, and Q2 2024 at 2.9 Trillion, and if you plug the earlier numbers into an inflation calculator you'll find that rate beats the inflation rate by a significant amount. Manufacturing is on the rise in the US, although not as fast as anyone would like, but it is good that both parties are now pushing for this, and I think that is the key takeaway from this video. It is the priority for everyone to rebuild American industry, and investment in the sector has more than doubled over the last 3 years. It will take time for this "Industrial Boom" to happen, and it might not be as big as this video makes it out to be, but America is certainly taking steps in the right direction and at least for the moment our industrial sector is regaining some of its lost health. I'd post the link to cite my source but youtube blocks any comments with links to prevent scam bots, so I'll just have to trust you can find it on your own sadly, but if you go to bea dot gov and look for value added by industry you should be able to find some stats on it.

[@colgategilbert8067]

Thanks for your breakdown and description of what is going on structurally in the US economy, how and why as well as your look at past economic policies in several other countries.

[@tylerbain8873]

I just want to say this is a spectacular work, very well balanced and very well done. This is the kind of documentary that I love sitting down and listening to because it is so thought provoking and insightful. Any time your channel publishes something I immediately jump to it, and it's usually a great listen while at work. Also, I hope the 54 people that live in Nashville Kansas enjoy the shutout on your US map among all the other major cities. :)

[@matiKRK]

Great video as always. Keep up your work!

[@thalmoragent9344]

Glad to see a rebirth of booming Industrialization for the US. Less reliance on others is a great long-term strategy. Even Alaska is on its way to booming, and not just with Oil Industry either, though obviously that's still a major priority. We'll see how well we can figure this all out in the upcoming decade.

[@PreciousLoveday-uz8ss]

How do most of you guys still make profit, even with the downturn of the economy and also increasing life standards?

[@Billrandall__]

Well, I picked the challenge to put my finances in order. Then i invested in cryptocurrency, stocks, through the assistance of my discretionary fund manager

[@stelajake]

This is correct, Beatrice's strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started..

[@AbelOcean-gp8ro]

Beatrice O Wendy is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.

[@LudolfUlrich]

​@@AbelOcean-gp8roPlease educate me. I've come across this name before. Now I am interested. How can I reach her?

[@AbelOcean-gp8ro]

​@@LudolfUlrichShe's mostly on FACE-BOOK , using the user name 👇.

[@Murkosk]

This is an ambitious theme, but you nailed it! I was hesitant to play an hour long video, but it was worth it. Thank you.

[@adamduda7995]

What a great episode - impressed with the research and the coherent msg.

[@A-oq8ne]

I live in Pennsylvania and was always depressed by the effects of becoming part of the rust bell but seeing this i genuinely started crying

[@jp6787]

burgerbros, we're so back

[@handlemonium]

Screaming red tailed, fire-barfing hawks rising from eagle carcasses!

[@petergreen5337]

😂Hahaha. It is financed by BORROWING. A very BAD IDEA according to ECONOMISTS and MARKETS. This is an ILLUSION.

[@itsasecret3614]

​@@petergreen5337your going to lose it when you find out the entirety of the global economy is backed by borrowing and dreams.

[@svenrio8521]

​@@petergreen5337Schizomode 😂

[@waterlover5553]

its just dumb fun man​@@petergreen5337

[@boonhongchan1853]

Good news. Reindustrialization and revitalizing mining within the US are necessary long term solutions to US's self sustainability which needs to be balanced with ecological efforts. Whilst it may be at the expense of some of it's allies, it's crucial that the US must first be stabilized.

[@microvuette]

Great video, thank you for making it

[@tveggemeyer8103]

I really enjoyed this episode. Usually, I'm not too fond of hour-long videos but this kept my attention to the end. Thank you for putting in the work to make this.

[@tomnowak2997]

i work in the detroit area in a field related to domestic manufacturing and the job outlook is bleak, domestic layoffs/cuts are happening, and outsourcing is rampant. this video is a few headlines stitched in with a 50 minute history lesson.

[@jackthorton10]

Is that a compliment or a insult?

[@killap3nguin]

Bc the U.S. manufacturing sector has been in recession for 2 years. This guys video is nothing but a title

[@The_11_Machine]

​@killap3nguin True but we are decoupling from China and building our capacity in the mean time. We became a industrial power for a reason those reasons still exist. We outsourced our industry for the sake of global peace post war but the world is changing and we are going back to default mode. Don't be a negative Nancy..lol

[@taxirob2248]

the Intel project outside Columbus is probably going to fall through. Maybe Buffalo should give them the property they were going to give to Tesla instead.

[@jackthorton10]

@@The_11_Machine Thank you for the vote of confidence, much appreciated.

[@WarAndFame]

“Never before has a declining empire beat an emerging empire” I feel like this is not true lol. But the emerging empire that was defeated goes into obscurity

[@user-or5lb6rl3s]

i thought the same thing. there's no way that's accurate.

[@DavidCelestialKnight]

I think China has more problems than the US. We just should focus on ourselves. The US should compete with The US, ans try to be better each year.

[@adamperdue3178]

It's a question that's only technically true with the bias of hindsight and playing around with definitions. If you look through history and define 'declining' as the period after they've had their last major victory, then the statement would be definitionally true. If you also only include 1v1s (or near 1v1s) then it gets a lot trickier, because I'd say WWI and WWII certainly counts both times as the French and British (declining) beating the Germans (emerging), with WWI also featuring the Austrians (declining) beating the Russians (emerging?) and the Crimean War included the Ottomans (declining) on the winning side against Russia (emerging). The best examples I can think of probably involve the Byzantine Empire. They had a very prolonged period of decline where there were a lot of wars that involved back-and-forth with upstart powers, with the Byzantines eventually being defeated by the Ottomans after several centuries of land swapping hands.

[@NoMustang273]

@@adamperdue3178 I mean in WW1, Russia was sort of stagnant no? Their population was booming but they were poor and less industrialised. It was only under Stalin and post WW2 did they really emerge.

[@adamperdue3178]

@@NoMustang273 Under Tsar Nicholas II, Russia was growing and modernizing rapidly. Between 1894 (when he became Tsar) and 1914, Russia's GDP more than tripled, much of it due to political reforms, industrialization, and technological progress. Russia also made a lot of changes to the structure of their military after the 'humiliating' defeat to Japan in 1905. The main reason that Germany was eager to let Austria-Hungary start a war, was because Germany was worried that Russia would outpace them if they waited just a few more years, and that Russia would be impossible to contain.

[@CausticLemons7]

We can do it cleaner, greener, and better than ever.

[@TheAnnoyingBoss]

Canada should give up make ottowa a state

[@mpower1969]

green? um, no. how's germany doing? US NatGas is the only viable fuel to drive US reindustrialization.

[@lukemiller1385]

Great video. Very well researched.

[@adhdmonster1369]

Great video, man. Keep up the good work!

[@林踐]

In stead of sending out 1M$ a day from Mr. Mask , he should seriously consider build a brand new steel factory in the Rusty Belt. He needs millions tons of steel for his space and auto business.

[@WillsJazzLoft]

Even if companies do automation at scale, I think it will still be an uphill battle to onshore manufacturing - even in strategic sectors. Labor costs can still be a significant aspect to growing industrial production

[@Bryan-fb8dh]

You bring up a good point about the dollar. When the dollar is backed by a strong world leading economy all other options are far less desirable. All problems go away. Immigration? Social security? Inflation? All those issues are fixed with a booming manufacturing sector.

[@Aqueox]

Immigration still matters and always will because demographics is destiny. You can’t just import a bunch of africans or latinos, slap the “-American” label on them, and call them Americans. Americans are descendants of either White Europeans who settled here, new White European arrivals, or the Native tribes. Anything else is silly bullshit and technically against what the Founders envisioned.

[@chris-winterhoff-growth]

The analysis pieces are so good. Such a shame you're not getting more views on them.

[@live_free_or_perish]

This is one of your best. Excellent work 👏

[@Sacto1654]

Detroit is going make a major comeback because of the opening of the long-overdue Gordie Howe International Bridge in 2025. Finally, goods trade can now smoothly flow between Detroit and Windsor, Ontario without the horrible bottleneck that is the Ambassador Bridge.

[@Devilishlybenevolent]

Lol check back in 10 years, lets see where this optimistic video projections go. My guess, no where.

[@tomnowak2997]

yes detroit can finally leverage the bustling manufacturing powerhouse of windsor to revitalize itself! wow we are saved

[@jackthorton10]

I have cautioned optimism as well… but I am all for this kind of transformation

[@MrWhiskers65]

Love to see America re-industrialize itself! Plus America needs it for potential war production. It’s a matter of national security.

[@ronald3836]

Agreed. You can't rely on China for ammunition.

[@fly463]

The American war industry is still the S class

[@timothyrockwell2638]

“Every gun that is made, every warship launched, every rocket fired signifies in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children." "The cost of one modern heavy bomber is this: a modern brick school in more than 30 cities. It is two electric power plants, each serving a town of 60,000 population. It is two fine, fully equipped hospitals. It is some 50 miles of concrete highway. We pay for a single fighter plane with a half million bushels of wheat. We pay for a single destroyer with new homes that could have housed more than 8,000 people." "This, I repeat, is the best way of life to be found on the road that the world has been taking. This is not a way of life at all, in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron." -President Dwight D. Eisenhower, 'A Chance for Peace'

[@ronald3836]

@@timothyrockwell2638 But without the US military might, the world would be far less peaceful. The threat of war has been mostly absent for many people since WW2, but it used to be part of daily life. Europe is full of remnants of fortified city walls and castles awkwardly located on hard to reach hill tops because for thousands of years nobody could even trust their neighbors.

[@jamesmcdougal2]

Russia itself is outproducing all of Nato at the moment

[@JOGA_Wills]

Now, about that Jones Act

[@hudooguru2]

OMG YES!!!!!!!

[@nightmark2120]

@@hudooguru2 This is similar Peter Zeihan prediction. I see you

[@AmericanAdvancement]

Ocean going ports along the Mississippi would have a renaissance if the Jones Act was repealed

[@ThatGuyPotatoes]

If the USA ever gets into a major war, they would regret repealing the Jones Act

[@cabnbeeschurgr]

Can I get an explanation on the Jones Act? Why do people want it repealed?

[@benlamprecht6414]

Thanks for yet another excellent video

[@kilmer009]

Please never change your BG music. It's perfect for your type of analysis. Fast and intriguing enough to keep one awake, yet still introspective and chill enough to make one think and not be distracted by it. It's also quite 'on brand' now for your channel. :)

[@axavia]

The damaging effects of stagnation cannot be overstated enough. I currently work on a ship produced by Philly shipyard, and it’s a mess. The design was terrible, they attempted to cut costs in the stupidest ways possible, they delivered it a whole year later than expected, and it’s becoming more and more obvious that they used the entirely wrong parts for certain systems! Worse yet, they drew their re-industrialization blueprints from the Koreans, so they tend to favor their Korean contacts whenever they need parts or designs. Korean safety standards favor saving the machine instead of saving the operator, which isn’t appreciated on the high-risk environment that is the maritime industry. The so called “Ship” produced by Philly Shipyard can’t ever cross the Atlantic, because it keeps breaking down!

[@woahhbro2906]

It's interesting to see some of the biggest heroes in the US, weren't born there. Immigrants really are some of the best Americans. The ones who come here with a love for the country, specifically.

[@keffinsg]

LOL, I am saving this video. I want to review it in 20 years and will ask you to comment if your predictions came through.

[@ssssaa2]

Given that the Manufacturing Sector is not growing at all in the US right now, I wouldn't hold your breath on this one.

[@RKNGL]

​@@ssssaa2 I'm in the Midwest and just drove buy some of the largest factories complexes. I've ever seen that didn't exist two years ago. The company U work for has already fully pulled out of China. They are now talking about building more US factories rather than expanding the percentage they have in places like Mexico.

[@vicvic2081]

Intel literally about to go bankrupt

[@RKNGL]

@@vicvic2081 Due to incompetence not lack of demand. They had multi-billion dollar contracts flowing in even as of yesterday.

[@MeanBeanComedy]

​@@RKNGL Dope! 😎👉🏻👉🏻

[@joehanna2231]

This is a very high quality research. In really enjoyed it. Subscribed!

[@randomocity999]

Firstly I must say what an informative and interesting video, first time I’ve seen a video by this channel. Instant subscriber, I find this particularly fascinating with the inclusion of the chips act as I live in Syracuse NY and have seen the initial micron project start and stagnate. Another key aspect I find so informative and interesting is the specific focus on industrialization of the US. my father teaches at Cornell University specifically focusing in HR and uses his PHD in the ILR division. ILR referring to Industrial Labor Relations, so upon watching videos like these I always like to poke and prod his brain with questions. Questions almost akin to an interview regarding these worldly events and his thoughts and opinions on it. I always find these videos so fascinating and informative and I love learning about all these issues and worldly events. Great video and watch, thanks!

[@HarryMonn]

Everybody talks about goods becoming more expensive but isnt that somewhat offset by bringing back better paying jobs too? Unless these jobs dont pay well.

[@ronald3836]

Jobs better paying than what? Better paying than Chinese jobs, sure. But are well-paying manufacturing jobs realistic if you have to compete with China? Not clear at all. As to whether it is a good thing to have those manufacturing jobs in the US, this depends on what the factory workers could otherwise be contributuing to the economy. Of course if you shut down many factories you will end up with a lot of factory workers without job prospects, but this is a "one time" cost. The next generation of workers will learn other trades. Bringing back manufacturing now and having it fail once more will just result in another lost generation.

[@fly463]

You think factory jobs which went to China & other developing nations will pay good ??? You guys sacrificed low/mid value manufacturing for other high paying jobs which resulted in more economic growth even after having so high per capita. But this caused a problem - VERY high trade deficit. Now you want those jobs back so you are gonna lose your high per capita, you can't have both 🥴

[@titolovely8237]

the problem is that companies didnt really lower the prices when they got cheap labor sources, at least in the long term. theyre still charging high prices just with lower input costs, pocketing the difference. so the "wages are too high" argument is largely moot.

[@ronald3836]

@@titolovely8237 I don't think that is true. Some companies just find ways into luring into buying their "special" product that nobody else can offer. Of course if you insist on having the latest iphone no matter the cost, Apple can charge any price they want.

[@HarryMonn]

@fly463 what's your source? Who says we got more high paying jobs? I see tons of people working in the low wage service sector. Point is though I honestly don't know if these factory jobs are well payed or not. You seem to be very sure though so plz cite a source.

[@pauleohl]

You garbled the story of Bessemer converter and phosphorous. Phosphorous makes steel brittle. Perhaps Bessemer got superior steel because his pig iron was LOW in phosphorous and thus he got good steel even though the Bessemer converter, which has trouble with phosphorous did not have to remove what was not there.

[@radattk3145]

have you heard of NATFA? a huge percentage of those middle class manufacturing careers went to Mexico because of the free trade agreement. you're literally only talking about east Asia.

[@kaloyan2778]

I love the maps you've made and are using. Amazing design. Really looking forward to seeing what else you can do with them If you can further animate them and show some of the narative evolving on the map.

[@overworlder]

Been following Power/Hadrian for a while, nice catch

[@stussymishka]

Love to see it !!! Detroit is back !!

[@julkkis666]

it's interesting how a lot of people have been talking about how the west should remove regulations to be able to compete with the cheap 3rd world countries, while the real solution should be just to discourage slavery, poisoning of the enviroment and the like instead. i think this needs more political efforts.

[@selecttravelvacations7472]

I think for sure it needs more open debate.

[@MeanBeanComedy]

You're not going to get the Congo to become a first-world nation with labour protections. Best we can do is stop subsidising it.

[@TheAnnoyingBoss]

Right dude im sure africa will just start affording to pay more magically. No one wants to go there bro its like last on the list of most likely to prosper throughout the next century and millenia

[@slimmorrison]

Based, never give up on America. Seethe commies

[@sergiysergiy]

The level of the content is just amazing. Thank you!

[@Rambl3On]

You did an incredible job with this video!

[@AweShiyte]

I like the soviet factory footage of KV-1s at 0:53

[@kekistanimememan170]

Rebuild the arsenal.

[@jackthorton10]

Rearm the Gun :)

[@yvl768]

Finally sleeping Giant is awaken 🇺🇸🇺🇸🇺🇸

[@dmitripazlov491]

I really really hope so. America can be so much more. It just needs to tap back into its potential.

[@McVet3]

You really do great work!

[@aditj]

Really cool vid! It's an exciting time :)

[@The_ZeroLine]

I will give Trump credit for forcing the political classes to admit that offshoring manufacturing has to be reversed. The problem is that he didn’t do a particularly good job of following through on his promises.

[@dosmastrify]

He forced a lot out of China. Because the supply chains were already geared towards China, most places just moved somewhere else nearby. Biden extended it back to usa

[@AL-lh2ht]

You actually think trump waas the one who came up with that thought?

[@centercannothold]

He can talk but he don't live up to it. His campaign merch is even made in China.

[@johnwright9372]

He wasn't the first to realise this nor the first to say so.

[@fly463]

​@@AL-lh2ht Don't try to do whataboutery and accept the fact like a good boy It doesn't matter who came up with what Do you think leaders think of the solutions themselves ? No they are just the face of their party, the solutions are found in the meetings they do with highly educated people

[@Scumbucket7741]

So it’s not over? America is not cooked? Ze west has risen?

[@Aqueox]

If White Christians take back our rightful homelands, yes. The West has risen.

[@tooeasyy5287]

our greatest mistake was building up chinese manufacturing

[@monkeeseemonkeedoo3745]

Trading with China helped real people there to improve their lives. The issue is really the xixipee, but without that China could be like any other great country

[@fly463]

You built up Chinese manufacturing ? , God the delusion 😂 You only broke your manufacturing with high wages and neglectance whereas China was building up infrastructure to manufacture. Germany exports/imports - $1.7 trillion/$1.3 T respectively even after being a developed economy so the excuse of "only high wages" won't work.

[@Allaiya.]

@@monkeeseemonkeedoo3745 At the expense of middle-class America

[@dunnowy123]

It was inevitable. Industry was declining by the 1970s, and going to East Asia regardless. ​@@Allaiya.

[@ZalamaTheDragonGod]

​@@dunnowy123The economy is controlled by corporations and the bourgeoisie, the state is their employee. They did this to make more money at our expense. We were never a factor, only financial and industrial elites. Expanding your operation is limited in how much profit you can make, eventually your competition catches up and overall the mass production suppresses prices. The only other choice is to reduce the pay of all workers. Not just the workers in your facility, but the workers of the facility that makes your equipment. The rational American doesn't go for that, they protect themselves with strikes and unions. The only other choice then, is to go to a desperate country to exploit workers with less protections. Of course, society doesn't need a profit motive when things are automated and mass produced, but that would greatly reduce profit and thus power of the industrial and financial bourgeoisie.

[@richardrosecky1574]

A good overview ❤

[@aucontraire1986]

About time!

[@charlieschuck19]

All I remember is those folks from 2016-2019 who lamented "they're not coming back"

[@dosmastrify]

Under free trade, they weren't

[@charlieschuck19]

@@dosmastrifyyes, exactly

[@anshuraj4277]

No they aren't New industry is being built Not old one

[@turnoff7572]

Shut up Indian ​@@anshuraj4277

[@charlieschuck19]

@@anshuraj4277 All of your cells are replaced every seven years

[@skeeterhoney]

Exceptionally well done. Bravo! Oh, BTW--"communique" is pronounced CO-miu-ni-KAY in English. Took me a moment to understand that sentence. Nonetheless, it's an impressive video for someone's 2nd language.

[@mrsir2254]

More votes gets this.

[@alexv3357]

The stress-accent is com-MYU-ni-kay, at least on the US west coast

[@dosmastrify]

The thing he's using in Northeast relaxing, which America doesn't even want to own for.​@@alexv3357

[@Hession0Drasha]

The UK really screwed itself, by not competing in the wealthiest global market. Forcing the colonies to buy low quality products, was destined to fail. It would have been far better to invest, in creating a large middle class empire wide, that's consumption would have lead to advanced domestic industries. The largest middle class in the word, will create the most powerfull country in the world. Not the country with the most billionaires per capita. Countries like that will stagnate and become fragile, like Russia is today.

[@alburaq3290]

Britain couldn't have created a large middle class in the colonies as they would then demand representation. If Britain gave the colonies voting rights then the Empire stops being a British Empire and becomes an Indian Empire as they would have the most representation and become policy makers. Britain had to keep India poor and downtrodden in order to keep occupying it and exploit it's resources.

[@neolithictransitrevolution427]

@@Hession0Drasha Ya and then those colonies leave you and put up tariffs.

[@Hession0Drasha]

@@neolithictransitrevolution427 It's possible. But they'd be a hell of a lot more likely to seek, mutually beneficial relatuins in the future, than if you had exploited them.

[@lif3andthings763]

The British and French had opportunities to do this but their own nationalism which led to the world wars and ideas of racial superiority led to their downfall.

[@nightmark2120]

@@Hession0Drasha This is similar Peter Zeihan prediction

[@SuperSurreal]

This video is fantastic! Thank you!

[@Dhshevhsusjzns]

Nice! Im excited.

[@domenico_ginny6164]

I’m all for this but I’m not about to have smog over every city like China. If we are gonna do this it needs to be environmentally friendly.

[@Lindsey_Lockwood]

lol good one