图书简介
This book addresses the vital importance of reshoring US manufacturing capability to ensure economic and military security and then discusses the proven methods that the United States used to gain manufacturing supremacy in the first place. The vital takeaway is: If the job can be made sufficiently productive, the per-unit labor cost ceases to be relevant which means a business can pay high wages, realize high profits, and deliver low prices simultaneously. The contest is then not between high wages and cheap labor, but between efficiency and inefficiency and, when automation is involved, machine against machine. Readers will be able to put these principles to work very quickly to achieve tangible results. The relatively low Federal minimum wage has meanwhile become a major issue, but inflation skyrocketed in the second quarter of 2022 when higher wages, and higher demand for goods and services, were not matched with higher productivity. The book addresses the relationship between the money supply and the velocity of money to prices, wages, and productivity. A manufacturing resurgence in the United States will not only increase our standard of living enormously but generate taxable economic activity that will help pay down rather than increase the Federal debt. Higher productivity also delivers a greater supply of goods to accompany higher wages, and thus works against inflation. This can prevent looming recessions and disruptions.
Preface
Introduction
Reshoring is a SMART Goal
Content Overview
Chapter 1. Wages, Productivity, and Inflation
Money is Not Value or Utility
Money Debasement, Then and Now
Even Precious Metals Often Lack Genuine Utility
Weimar Wastepaper and Cryptocurrency
Money Supply and Velocity, and the Equation of Exchange
Deficit Spending and Inflation
Productivity Counteracts Inflation and Pays Down the Deficit.
Revenue Must Also Balance Profits and Costs of Production
Waste is Inflationary
We Must Produce Our Way Out of the National Debt
Chapter 2. Loss of Manufacturing Equals National Decline
National Prosperity Comes from Adding Value to Raw Materials
Be at the Top of the Food Chain
Raw Materials are Fleeting; Manufacturing Endures
The Danger of Manufacturing Inferiority
The United States’ Response: Lean Manufacturing
Emerson’s Twelve Principles
The Leaders of the American Response to Japanese Organization
Industrial Power Equals Military Power
Pre-Agricultural Warfare
Modern Warfare as a Product of Agriculture
The Rise of the Military-Industrial Complex
Lepanto (1571) and the Spanish Armada (1588)
The American Civil War
The First World War
The Second World War
Manufacturing an End to War
Cooperation is Natural, and Conflict is Dysfunctional
War Was Once a Private Affair Between Absolute Monarchs
War in the Industrial Era
Application to National Social Problems
The Collapse of American Shipbuilding and Maritime Commerce
Summary
Chapter 3. The PRC is a Dangerous Geopolitical Rival
The PRC’s Threats to American Supply Chains
The Chinese Communists Lobbied Against Legislation to Promote US Chip Manuf
Trade Policy 买家须知
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