The 'China shock' narrative--that a surge of Chinese imports destroyed American manufacturing jobs and the communities that depended on them--became conventional wisdom in Washington and beyond. But economic historian Joseph Francis argues that the claim is much weaker than it looks.
We outsourced the manufacturing of the technology that we invented. Now, we depend on other countries, including our greatest strategic adversaries, to make all of the hardware that runs our businesses, powers our economy, and protects our national security. That's insane.
We are certainly looking at the end of Europe Inc. as a major manufacturing presence in the world. At the same time, we're looking at the end of China, Inc. as a major manufacturing presence in the world. And either of those issues would be a globe-spanning catastrophe impacts. And to have them both at the same time, at the same time, we have a global energy crisis.
3D printing has almost become kind of this system that's great for prototyping, but hasn't really created that bridge from prototyping to production. We solved that by printing inside of this gel that holds the shape that you're drawing. You're able to eliminate gravity.
We are, in some ways, beholden right now to the Chinese factory in order to produce the munitions that we need to defend American interests from China. That's the exquisite problem that we've found ourselves in after generations of building more and more reliance on Chinese supply.
The third one was around the destabilization of the middle class of the West. So if you have a rapid sort of outsourcing and a collapse of manufacturing, then the point of view was you're going to have a populist response. And I think we've seen that play out.
If I wanted to propose a grand synthesis for Americans to understand Shenzhen, it would be uh Detroit in its heyday of about 100 years ago to Silicon Valley today.
It's really hard to build and assemble electric motorcycles in New Zealand. Ubco the Tahunger Company, found that out the hard way, so we look at exactly how FT and Motion is approaching that and the supply chain side of things, the cost structure of the business, and how they are trying to compete in a global market that is flooded with low cost electric vehicles.
The M1 chip in a new Mac or iPad Pro is made using a 5nm process, but a lot of the chips in cars are made using a 55nm or even 90nm process, and as demand has skyrocketed, the factories using that older tech just can't keep up.
The chips in cars are made using much older technologies: the M1 chip in a new Mac or iPad Pro is made using a 5nm process, but a lot of the chips in cars are made using a 55nm or even 90nm process, and as demand has skyrocketed, the factories using that older tech just can't keep up.
The M1 chip in a new Mac or iPad Pro is made using a 5nm process, but a lot of the chips in cars are made using a 55nm or even 90nm process, and as demand has skyrocketed, the factories using that older tech just can't keep up. As more and more things turn into computers, the more problems across the business landscape look like the problems of the computer industry.
No other company, no other country in the world can make these so-called EUV uh machines. And without them, you simply can't make the world's most advanced semiconductors.
While countries like Australia, Singapore, the UK and the US have long term coordinated manufacturing and industry four point zero strategies, New Zealand has shelved its industry transformation plans and still doesn't have a clear view of what kind of manufacturing base it wants in.
While countries like Australia, Singapore, the UK and the US have long term coordinated manufacturing and industry four point zero strategies, New Zealand has shelved its industry transformation plans and still doesn't have a clear view of what kind of manufacturing base it wants in ten to twenty years.
As manufacturing gets cheaper like the tools that you use, the cars that you drive, the washing machine in your home, uh the tires on your cars, uh all these different things get better, not just cheaper, but actually unlock new capabilities and new things that people people enjoy.
If he's successful we will you know create uh we will actually start adding a bunch of new manufacturing jobs which we've been shedding over the last year.
