The Return of U.S Manufacturing Dominance
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- Опубліковано 16 жов 2024
- Manufacturing is a vital sector to the world economy and in the last few decades it has been dominated by China. The Western world has been able to prosper off low cost Chinese manufacturing that has allowed us to purchase products very cheaply and ease cost of living pressures. Another manufacturing power, Europe, will also see further headwinds from its demographic collapse and energy insecurity that will significantly impact its ability to manufacture goods and sell them to the global market .However, Asian manufacturing dominance is coming to an end, leading only one region to be the manufacturing powerhouse of the future: North America. In this video, we are going to look at the current manufacturing situation and why you can expect North America to dominate manufacturing in the century to come. You’re watching All Things Humanities
Sources:
Peter Zeihan, The End of the World is Just the Beginning 2022
Peter Zeihan (author of The Accidental Superpower) is seriously making the rounds. I had his latest book (The End of the World is just the Beginning) bought before it was released. Whatever anyone thinks about his personal opinions, he's got the data backing up much of his conclusions. Demographics and Geography are the closest things to fate.
Agreed! Peter Zeihan is fantastic. He's almost always correct on geopolitical predictions!
Zeihan is a guy full of BS 😂
@@jtan4493
I agree that there are elements of Zeihan's opinions that are BS, but much of his conclusions are based on solid data. I think Zeihan's domestic political takes are shit, but his international analysis is worth consideration.
I love what am watching right now.
I will be very happy to be seeing all of humanity product with MADE IN U.S LABEL.
where is this manufacturering in the USA?
nowhere.
That's cuz you comment before you watch vid
i really hope this true. When i started my Co. I couldnt find one manufacturer for my products but i could find open arm factories in China.
Great content 👍
In America here, we often have this habit of exaggerating things, even with our resume and/or the strenght of our manufactuting capability.
In other words fake it til you make it.
It's shocking to many people to find out that in terms of manufacturing, China is the ONLY country to ever surpass the US to this day. The only two other countries to ever come close were Japan and Germany (respectively the numbers three & four of the world's current top manufacturers). The US still has a solid hold on the #2 spot of the world's top manufacturers. Manufacturing never left the US completely, merely the share of total global manufacturing, going from #1 to #2 in the rankings. With the collapse of Globalization, manufacturing is primed to come back to America, making the US the #1 Manufacturer in the world once again. Not too dissimilar to how the US was once the top energy exporter in the world, then losing that status for decades, only to regain the spot again after the development of Fracking in the Shale Revolution. The 21st Century is primed to be the TRUE American Century if we can get our domestic issues sorted out.
@@Seastallion wouldn’t it then makes sense that our competition would want to foment as much domestic strife as possible?
Actually, it will be Japan that will be the dominant force in East Asia, not China. I’ll side with Peter Zeihan’s conclusions there - Japan is the only one besides the USA that has a decent blue-water navy that can actually defend itself, especially against the Chinese lol-navy.
With manufacturing in US comes American jobs badly needed
sea pirates are sharpening err cutlasses , arrgh, the jolly rancher flag flies yet again
Ok
The beauty of UA-cam is that it completely democratizes the bandwidth. Unlike a receptionist or even a beat cop, one doesn't even need a GED to start his own channel. Just need some basic video editing skills and a mic, and some controversial and pandering topics. Just like this channel. Well, someone has to appeal to people who can't think beyond GED level.
Yes. I love made in USA. I am willing to pay $10,000 for my iPhone instead of $1,000. Please bring Apple back to USA.
So you clearly didn't pay attention to the video and went on to make an embarrassingly moronic comment.
I think some of it is heading to India, but the design work was always done in the US anyway. Plus chip manufacturing is making a big move to the US also.
THANK YOU JOE BIDEN
This is so naïve. Mexico is just next door to US, it has a great Free trade agreement with US, and its per capital GDP is lower than China for many years now. If it did not already replace China as the number one low-cost exporter to US, why do you think the manufacturing will leave China and come back to US?
Manufacturing IS coming back to the US, AND Mexico. Mexico has a very compatible economy with the US. The trade traffic between the US and Mexico is already very high. Laredo, Texas is stuffed silly with trucks moving freight every day, never mind the trains doing the same. There are other busy border crossings as well, but Laredo is the busiest one.
@@Seastallion
Can you explain to me why Mexico does not have the biggest trade surplus with US? (China has 5X trade surplus with US than Mexico. Not even close)
@@qingzhou9983
You need that explained? Sure, the US buys a lot of crap from China with a population ~18 times the size of Mexico. Go figure. That doesn't change the fact Mexico is highly integrated with US manufacturing and growing more so every year. Mexico and Canada consume nearly half of ALL American exports, which has never been more than 12% of trade-to-GDP. Meaning that 80-90 cents of every $1 is created within the US itself and NOT due to exports. China is not so central to the US economy as might be believed at first glance. If trade ended suddenly with China it would certainly be an inconvenience for quite a while, but it wouldn't be absolutely crippling. The US is mostly self sufficient in most critical needs such as food and energy.
Mexico does much of the lower value added manufacturing involved with overall US manufacturing such as the automobile industry. In return Mexico buys a great deal from the US including agricultural products. Mexico also has cheaper labor than China now has, and with plenty of room to continue expanding its manufacturing sector. It also helps that Mexico is literally right next door, so shipping freight is shorter distance and quicker. Obviously Mexico can't produce as much as China, but no one is asking them to. They're manufacturing efforts are largely combined with US manufacturing output. Mexico is replacing China to some degree, but it won't be just Mexico. India, Vietnam, and other South Asian countries are likely to pick up the slack as well. China won't be holding the American economy hostage any longer.
@@Seastallion
You still did not answer my original question: Why do companies manufacture production in China and sell to US while "Mexico is just next door to US, it has a great Free trade agreement with US, and its per capital GDP is lower than China for many years now (cost lower than China)." Do you understand WHY?
AND these WHYs are what keep Manufacturing in China.
@@Seastallion
Another interesting point, India also has the same size population as China. They are much younger and cost a lot less than Mexico. Why India does not export more to US than Mexico?
Comparing carefully India vs Mexico vs China will tell you a lot more about the Global Supply Chain and Why China dominates it for so long.
Fake news and bs😂😂🤣
Nope, it's true. Demographics is the closest thing to destiny, and the math doesn't lie. Combined with the power of Geography and it's fait accompli.