Thursday, January 8, 2015
The importance of Manufacturing
Those who argue moving massively to services explained that as agriculture went, so manufacturing. Let others do it. We are already short of people and land.
As I read this article on the CES by the WSJ I wondered to myself an obvious question I never bothered to ponder the obvious answer. Who makes these gadgets? Why are they important. Deeper thought reveals that manufacturing is fundamentally different from agriculture. You really want to make some things or you cannot secure your means of creating wealth. This is not true with agriculture and food.
No longer merely a truism, I am now totally convinced in the importance of this sector for our economy.
Of course as is often the case with this government, they explained the case for manufacturing pretty poorly. Rarely do they ring a bell with me any most of my friends. In politics you are toast if you cannot convince people.
Posted by PengYou at 3:20 PM