patrick.net

Globalization at least is starting to reverse.





Construction Spending on US Manufacturing Plants Soars, to De-Globalize Supply Chains?

The driver: computer, electronic, and electrical manufacturing.

The amount spent on building manufacturing plants in May in the US jumped by 73% from a year ago, and by 147% from May 2021, to $15.7 billion, according to Census Bureau data today. This by far outpaces the increase in construction costs...

https://wolfstreet.com/2023/07/03/construction-spending-on-us-manufacturing-plants-soars-to-de-globalize-supply-chains/

1971 was major inflection point... around the start of EPA and other regulatory bodies meddling into business

the start of companies not paying pensions ...

the start of getting free trade relations with China ...

the start of technology and automation in manufacturing ...

the start of the stock market being a major wealth creator for the top 9% and especially in the 1980s with the proliferation of "growth stocks" ...

all of these factors had a major effect as far as reducing middle class jobs

ad says

in the 1980s

Leveraged buy-outs was the big gambit then. I remember Ross Perot ridiculing them during his campaign, said they're not really producing anything just pushing numbers around creating huge amounts of debt. Wasn't Mitt Romney a big proponent of that? His father actually produced an affordable car but he produced nothing of any value.

NDrLoR says

Leveraged buy-outs was the big gambit then. I remember Ross Perot ridiculing them during his campaign, said they're not really producing anything just pushing numbers around creating huge amounts of debt.

Before leveraged buyouts, Milkin, etc. companies hoarded cash for bad times. LBO's raped the cash hordes of traditional conservative companies (mostly capital intensive industries). These traditional companies accumulated these cash hoards so that they wouldn't be slaves to the banksters. That, as well as before the 90's, there were effective prohibitions on stock buy backs. If a company wanted to increase its stock price, it had to generate higher profits. These higher profits were produced by innovation which was privately financed from within the company (Bell Labs, HP Palo Alto, etc.).

LBO shite effectively destroyed the traditional way of doing business. Now, as many on PatNet have mentioned, every corporation sucks at the government/FED teat. As long as corporations do what the NWO/WEF/globohomo wants, they get free money. Otherwise they die on the vine.

This is fascism, this is communism, this is oligarchy, this is the death of free enterprise, this is our sons being sold into slavery and our daughters into whoredom. This is globohomo.

Yes it was fundamental transformation of economy into a service economy and Wall Street shenanigans

Lower interest rates just allowed them to play more into this such as with stock buy backs and home prices skyrocketed

ad says

The company said the antibiotics it plans to use in chicken production are not important to the treatment of humans. Antibiotic use in food has come under intense scrutiny in recent years as some bacteria have become increasingly resistant to treatments as a result of frequent exposure to antibiotics. The Wall Street Journal first reported Tyson’s change.

All the drug resistant diseases emerge near feed lots and packing plants.

If it was due to people not taking the last of the course of antibiotics at home, you'd see it concentrated in big cities, not clustered in the Midwest and South rural areas/small cities.

Trollhole says

Globalization at least is starting to reverse.





Construction Spending on US Manufacturing Plants Soars, to De-Globalize Supply Chains?

The driver: computer, electronic, and electrical manufacturing.

The amount spent on building manufacturing plants in May in the US jumped by 73% from a year ago, and by 147% from May 2021, to $15.7 billion, according to Census Bureau data today. This by far outpaces the increase in construction costs...

https://wolfstreet.com/2023/07/03/construction-spending-on-us-manufacturing-plants-soars-to-de-globalize-supply-chains/

Woah, what is really going on here?

Are companies realizing that they can no longer count on cheap labor from China after experiencing supply chain collapse during the plandemic?

Patrick says

Woah, what is really going on here?

Are companies realizing that they can no longer count on cheap labor from China after experiencing supply chain collapse during the plandemic?

Pretty much. Although it's started before the pandemic. Then it accelerated.

Guess we can thank COVID for accelerating the deglobalization process by 10 or so years.

Patrick says

Are companies realizing that they can no longer count on cheap labor from China after experiencing supply chain collapse during the plandemic?

I wonder if they know Taiwan is about to be taken over.

AmericanKulak says

I wonder if they know Taiwan is about to be taken over.

Doubt that will happen.

Governments are paying private corporations billions upon billions of dollars to create manufacturing plants in their countries. Local governments have always been in the game of giving tax breaks to large corporations to start units in their jurisdictions,

In the future we will see if these government sponsored facilities are worthwhile or just a waste of taxpayer dollars (gifts to the politically connected).

AmericanKulak says

Patrick says

Are companies realizing that they can no longer count on cheap labor from China after experiencing supply chain collapse during the plandemic?

I wonder if they know Taiwan is about to be taken over.

Taiwan is NOT about to be taken over, at least not by force.

Taiwan has to DEFINITELY be cautious about reintegration with the mainland, but they are going to do it.

Misc says

In the future we will see if these government sponsored facilities are worthwhile or just a waste of taxpayer dollars (gifts to the politically connected).

I haven't seen a good US government investment since GM, and I'm not even certain that was a good investment. Probably the last one was the loan to Lee Iacocca to save Chrysler. Iococca paid it back. He also saved IBM in the early 1990s. There's few businessmen I admire, most of them are just government cocksockers, Iacocca wasn't one of them.