I see a glaring flaw in this analysis, that being companies care far more about cheap labor costs. Supply lines are extended massively because of cost cutting measures of moving overseas for cheap labor. If supply lines are shortened and distributed, they become more durable in times of crisis. The Inflation Reduction Act and the CHIPS act are ok bills, but both fail to take profit motive into account. It almost feels like this person would rather not have either bill at all instead of giving criticism for the bills that account for ‘profit only’ nature of companies under our current economic system. That’s despite the huge amount of benefits for the people that have come from them like cheaper insulin.
Like most things we’re discovering that globalism has to be balanced with self-sufficiency because there will always be bad actors like China. They expect to control everything inside their country but clutch their pearls and feign indignity with US says they can’t build near military bases, run police stations, and buy up all the arable land.
I guess the thinking is that the labour disparities can be removed with automation, AI etc. Cheap labour is a barrier to tech entry.
