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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: tjscott0   😊 😞
Number: of 4460 
Subject: Re: Can't the US Make Anything Anymore?
Date: 07/21/26 9:35 AM
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theamericanconservative.com - Americas monopoly crisis hits the military

Wall Street's short-term incentives have decimated our defense industrial base and undermined our national security.

Americans invented the telephone business and until recently dominated production and research. But in the last 20 years, every single American producer of key telecommunication equipment sectors is gone. Today, only two European makers—Ericsson and Nokia—are left to compete with Huawei and another Chinese competitor, ZTE.

This story of lost American leadership and production is not unique. In fact, the destruction of America’s once vibrant military and commercial industrial capacity in many sectors has become the single biggest unacknowledged threat to our national security. Because of public policies focused on finance instead of production, the United States increasingly cannot produce or maintain vital systems upon which our economy, our military, and our allies rely. Huawei is just a particularly prominent example.


China has taken over EV manufacturing.
Soon AI will follow.
nytimes.com - China US AI race
Chinese companies are offering artificial intelligence that is nearly as good as the leading U.S. technologies, but it’s still America’s race to lose.

In recent weeks, China has appeared to erode that sizable lead. The competition came into sharper focus last week when a Chinese start-up released a system nearly as powerful as the leading American technologies but costing a lot less.
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