The ever-engaging
Boing Boing points readers to and hosts a brillant discussion on a recent market analysis from the
Boston Consulting Group, which forecasts that a collusion of factors including the increased valuation of the Chinese yuan, the weak dollar and US corporate tax incentives will, in as little as five years, yield a revival of the moribund American industrial and manufacturing sector, reversing the trend of off-shoring of jobs.
The article is not cheery, just rather matter-of-fact, so it is difficult to read the tone, but I would venture that the ultimate message is not one of congrat-ulations. There are other factors to consider: the American South is desperately poor and already short-shrifts its workers with less than living wages. Monied influences have relaxed environmental protections. China, India and Mexico are enjoying higher standards of living and have become consumers as well as producers. Labour protections and unions in the States have been rendered toothless. The wild card of fuel and transportation costs also probably plays a big role in this study. Means of production and infrastructure, however, are already there in the Rustbelts of the US though mothballed. This might turn out to be a strange inversion that does not sit easily with me, although such a prediction might spur some positive investment in production and jobs. I do not want to see a renaissance that results in the same exploitation--or greater, and ecological ruin. Americans surely have expertise if its business leaders do not let that vision and commitment become clouded by greed and a rush to the bottom. Germany is not perfect but has managed to remain an economic powerhouse through manufacturing and afford a social state with high wages and good environmental stewardship. I think part of that success, at least, can be attributed to that sense of expertise and precision, and not soley the financial cues to repatriate ones factories.
The article is not cheery, just rather matter-of-fact, so it is difficult to read the tone, but I would venture that the ultimate message is not one of congrat-ulations. There are other factors to consider: the American South is desperately poor and already short-shrifts its workers with less than living wages. Monied influences have relaxed environmental protections. China, India and Mexico are enjoying higher standards of living and have become consumers as well as producers. Labour protections and unions in the States have been rendered toothless. The wild card of fuel and transportation costs also probably plays a big role in this study. Means of production and infrastructure, however, are already there in the Rustbelts of the US though mothballed. This might turn out to be a strange inversion that does not sit easily with me, although such a prediction might spur some positive investment in production and jobs. I do not want to see a renaissance that results in the same exploitation--or greater, and ecological ruin. Americans surely have expertise if its business leaders do not let that vision and commitment become clouded by greed and a rush to the bottom. Germany is not perfect but has managed to remain an economic powerhouse through manufacturing and afford a social state with high wages and good environmental stewardship. I think part of that success, at least, can be attributed to that sense of expertise and precision, and not soley the financial cues to repatriate ones factories.
