I was wondering what the views of other Capitalists on RF were about Re-industrialisation in the United States or the UK. There is an argument to be made that these economies have become "too dependent" on Financial Services and have therefore distorted the economy away from physical production of wealth to merely circulating it through global financial flows and stock market speculation. Relying on Finance may also makes the economy more unstable given it tends to be much more mobile than factories and physical assets. Whether its based on heavy industry or (as is more likely) high-tech industries, it is hard to escape the fact that money only has value when it can be exchanged for something.
Do you think Re-Industrialisation is something that needs to happen in order to make the market work towards wealth production? Or is this just protectionism and a rationale for unnecessary government intervention?
Do you think Re-Industrialisation is something that needs to happen in order to make the market work towards wealth production? Or is this just protectionism and a rationale for unnecessary government intervention?
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