Thanks for all your content, long time listener. Do you feel that bringing industries back into the US, while it moves to a more collective (hopefully not) government, will eliminate some of the free market economics that are available on the world stage? It seems great for "creating jobs" and patriotism, but the downside might be an increase in government overreach, if and when those industries come back to American land.
I published a new public macro article about the complexities of the current attempt to re-shore some manufacturing to the United States:
https://www.lynalden.com/reshoring/
Specifically, it dives into the energy capital and the human capital that needs to be re-accumulated in order for such a trend-change to be successful.
To visualize this situation, basically the U.S. industrial base increased for most of the 20th century but has spent the last two decades stagnating, which is increasingly becoming a talking point among politicians and corporations:
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