The implication of the article, though, is that eventually the regime will end, and the structural factors that force the US in trade deficits will end. This will allow the dollar to finally be devalued, and the value of exports to rise, resetting the ability for the US to build its industrial base.
Also, the notion that domestic knowledge on how to build things like chips has been gutted is just flat out false. Intel is still close to the cutting edge in chip fabrication, they just aren’t #1 anymore.
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The implication of the article, though, is that eventually the regime will end, and the structural factors that force the US in trade deficits will end. This will allow the dollar to finally be devalued, and the value of exports to rise, resetting the ability for the US to build its industrial base.
Also, the notion that domestic knowledge on how to build things like chips has been gutted is just flat out false. Intel is still close to the cutting edge in chip fabrication, they just aren’t #1 anymore.