Dr. Sanjay Gupta: The Answer to Pain May Lie in Your Brain
For something that’s a universal experience, pain has been pretty hard to measure, treat and even understand. That’s what Dr. Sanjay Gupta decided to write…
Thought Leader: Sanjay Gupta
The Greatest Reindustrialization Process in US History
Today’s windy video comes to you from just below the Continental Divide.
You know those little ‘Made in China’ stickers on everything you can buy in the US? Well, don’t be surprised when those all say ‘Made in America’ in a few years as the US carries out the greatest reindustrialization process ever…and if you thought the United States’ industrial buildout during WWII was wild…buckle up.
There’s a lot at play here, but we’ll touch on the legacy factors first. The US arguably has the world’s most highly skilled labor force, but we’re hyper-focused on the value-added stuff and outsource the rest. This arrangement can’t last much longer, but the shale revolution and petrochemical production have primed us for all the reshoring coming down the line.
Recently, COVID showed the US (and the world) that our supply chains weren’t as great as we thought. Now we’re having to reshore everything and turn over the power system, driving construction levels and spending through the roof. And the Inflation Reduction Act has helped provide the funding and regulatory structure to make it all happen.
Although inflation will be up there for a while (surprise, you can’t double your industrial plant without that happening), we’re on a solid trajectory to establish a fully regionalized supply chain. And if the US wants to have any sense of security down the line, we’ll just have to suck it up for a bit.
Relevant and recent posts
Ian Bremmer: Who Is in Charge of the World?
Leaders of the world’s great industrial nations will gather in Canada at the G7 over the weekend. As the tectonic plates of international relationships continue…
Thought Leader: Ian Bremmer
Patrick McGee: How Apple Helped China Become a World Leader in Electronics
Apple sent engineers to China to make its sophisticated products cheaply. The company sent engineers to train workers and paid for expensive specialized equipment at…
Thought Leader: Patrick McGee
More with this speaker
Peter Zeihan: Some Clarity on US-China Relations
Thought Leader: Peter Zeihan
Peter Zeihan: Ukraine Strikes Russian Strategic Bombers
Thought Leader: Peter Zeihan
