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What can Americans create that the rest of the world buys?

Discussion in 'BBS Hangout: Debate & Discussion' started by meh, Feb 16, 2011.

  1. meh

    meh Member

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    We all have seen within the past decades what globalization can do to prices. What it allows us to buy in quantities that we never could before. But what about the selling part that makes up for the buying?

    The American corporate empire has indeed gulped up the rest of the world. McDonalds and Coke have now dominated every corner of the globe. Windows are on almost every computer screen in the world. But it's not like these are things Americans "produce". We aren't bottling up the sodas or making the hamburgers at premium prices. Our top of the line electronics are basically 99% made elsewhere, with usually only the most important bits made here. Right now, the only major continuous export business for the US is food. It is something we can make incredibly cheaply, and something we generally have an overabundance of. Even though we're also ridiculously wealthy in terms of mineral resources, we use too much ourselves for it to be much use in terms of export.

    When I look at the unemployment rate in the US, I don't really see a trend for things getting much better. Because I don't see much that we produce to the rest of the world, especially in comparison to how much we BUY from the rest of the world. This to me seems disturbing for the long term health of the country. Because it's not so much Obama's or the tea party's fault, but it seems more like an inevitability. Unless we can buck the trend and create wealth that can't automatically be outsourced to India or China.
     
  2. AroundTheWorld

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  3. bingsha10

    bingsha10 Member

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    you figure this one out and you'll be rich.
     
  4. Ubiquitin

    Ubiquitin Member
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  5. CometsWin

    CometsWin Breaker Breaker One Nine

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    Actually, I'm not sure if it was posted here or not but I recently read an article that said the US is still the world's largest manufacturer and that its share of the world's manufactured goods has held steady for the last 30 years. China takes advantage of its labor to manufacture clothes, consumer goods, etc. while the US relies more on automation and sophistication to manufacture air planes, heavy equipment, medical equipment, etc.
     
  6. Phillyrocket

    Phillyrocket Member

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    We already missed the boat playing Cold War GI Joes.

    It's greentech/cleantech that we should have put all of the time and research into.
     
  7. meh

    meh Member

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    I am speaking more from American-the-people-and-land perspective. Rather than from a company perspective. Factories and manufacturing can move. Take the auto industry for example. 20 years ago, just about all sedans in China are imported. Today, they're almost all domestic. No, not in terms of brand names. They have tags like Honda, Buick, Volkswagon, Hundai, to name a few popular brands, but they are manufactured for the most part in China.

    So yes, while I agree that we still hold the lion share of the manufacturing business, I am saying that it's likely not fully sustainable. Because as developing countries catch up, manufacturing will move to get rid of transportation/tariff problems that comes with producing in the US.

    Also, as noted in the boston.com article, these manufacturing plants are very non-labor intensive. Which doesn't exactly bode well to your average person.
     
  8. Ubiquitin

    Ubiquitin Member
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    US growth is not export driven. Our market is mostly internal, and that means we will be able to make more wealth is when we add value to something preexisting (e.g. almost any small business).
     
  9. BetterThanEver

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    Here are some things that I think we can make that the rest of the world buys.

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    Industrial Telecom Equipment
    [​IMG]
     
    #9 BetterThanEver, Feb 16, 2011
    Last edited: Feb 16, 2011
  10. dback816

    dback816 Member

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    I'd love to see some child labor put together a Boeing in a factory in China but that probably won't happen in my life time.
     
  11. DonnyMost

    DonnyMost Member
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    snuggies and boner pills.
     
  12. rocketsjudoka

    rocketsjudoka Member

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    I find it ironic there is an Uzi in the foreground.
     
    1 person likes this.
  13. rocketsjudoka

    rocketsjudoka Member

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    To answer the OP's question I don't think there is anything that we in the US can manufacture that can't be currently or eventually manufactured somewhere else. We do still have many advantages though in regard to what we produce and sell and I think one area we still have a big advantage is in the arts. Bollywood, Hong Kong and other places have big film industries but they can't compare to Hollywood.
     
  14. Dairy Ashford

    Dairy Ashford Member

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    We import most of our oil, but don't we refine all of our own plastics and other petrochemical bi-products? Maybe as the developing world manufactures even more consumer/retail goods to service their domestic demand, we could supply the plastics? I dunno. Also, I have no idea what portion of the planet has refrigeration or air conditioning; we should definitely be able to make a dent in some of the equatorial frontier/emerging economies.

    We also seem to export a hella food: especially corn, so we could probably export a lot of ethanol if that means anything. It seems like we have a lot of natural gas, but obviously we consume so much I can't imagine we'd export too much LNG or CNG. We're a pretty big land mass, so there will probably always be unexploited resources somewhere if we get desperate or unscrupulous enough. Combine that with a permanent influx of cheap non-union labor, we should be able to produce and sell something competitively.

    Regardless, I wonder if we're at a point where credit, advertising and distribution matters more economically than manufacturing capacity, technological innovation or exporting primacy anyways.
     
  15. dmc89

    dmc89 Member

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    Well-educated, innovative, creative, highly-skilled, and sociable workers who are fluent in several languages.

    There's little we can make that other countries can't in the next few decades (see the Boeing 787 and its out-sourcing), so it comes down to the type of people our education system can create. The type of workers above could be in high demand by other countries as consultants and what not.

    Maybe with better educated consumers, earnings will rise and people will actually pay and acknowledge the importance of buying American. Or, an entirely new economic model can be developed that does not depend so much on manufacturing.
     
  16. rocketsjudoka

    rocketsjudoka Member

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    Corn based ethanol currently takes as much if not more energy to make than what you get out of it. We will never be an ethanol exporter until we perfect using switch grass.
     
  17. bigtexxx

    bigtexxx Member

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    not sure why we need to manufacture domestically. Services are a bigger chunk of our GDP
     
  18. GladiatoRowdy

    GladiatoRowdy Member

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    Hemp oil can be refined in your garage to run a diesel engine.
     
  19. GladiatoRowdy

    GladiatoRowdy Member

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    As the rest of the world becomes educated, they will catch us on services as well.

    My submission is education. We have the best in the world, which is the reason so many come here to matriculate.
     
  20. Air Langhi

    Air Langhi Contributing Member

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    A lot of electronics are designed here like the iphone. The problem is it is made else where. You don't need as many people to design it.
     

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