[HN Gopher] What happened to the US machine tool industry?
       ___________________________________________________________________
        
       What happened to the US machine tool industry?
        
       Author : jseliger
       Score  : 108 points
       Date   : 2024-01-18 17:25 UTC (5 hours ago)
        
 (HTM) web link (www.construction-physics.com)
 (TXT) w3m dump (www.construction-physics.com)
        
       | grow2grow wrote:
       | Right, it seems the U.S. economy is trying to say, "making
       | elementary machine tools is beneath us." The important bit is at
       | the end: the U.S. is still a top buyer of machine tools (made
       | elsewhere).
       | 
       | Is the same thing to happen with software?
       | 
       | When it becomes worth the time of the U.S. economy to produce
       | basic machine tools again, they'll get to create new machine
       | tools factories using all the latest technology: so it is
       | probably good thing the "old way" is not still around hanging on
       | by a thread.
       | 
       | The market naturally is culling technical debt.
        
         | toasterlovin wrote:
         | Right. The US economy was well poised to tackle the massive
         | task of computerizing humanity and, being a nascent technology
         | stack with green field opportunities abounding, it was more
         | profitable than continuing to produce machine tools. Meanwhile
         | the Pax Americana has eliminated the risk premium to
         | manufacturing overseas, so our entire economy has reconfigured
         | itself around this task and opportunity of computerizing
         | humanity. To our massive benefit, I think. IMO this is the main
         | driver between diverging American incomes compared to the rest
         | of the developed world.
        
           | dragontamer wrote:
           | As long as those manufacturing centers are part of US allies
           | (Japan, Korea, Europe, Australia, Taiwan), or at least
           | trustworthy neutrals (Vietnam, India), I'm happy.
           | 
           | But some manufacturing, in fact a large amount, is Chinese.
           | And I'm not convinced they've got our best interests at
           | heart. Either China needs to calm down over their "Wolf
           | Warrior" style, or we need to cut back on providing benefits
           | to an obviously and increasingly antagonistic power.
           | 
           | ---------
           | 
           | The other part, with respect to Taiwan + China, is that we
           | must defend Taiwan as they are a critical source of advanced-
           | materials (ie: computer chips) to us. Yes, its more efficient
           | to have Taiwan centralize production, but it does come at a
           | cost. We need to be ready to defend Taiwan and keep it safe
           | if we are to continue to build computers and phones out of
           | Taiwan-only parts.
        
           | poncho_romero wrote:
           | The entire economy is configured around making quarterly
           | profits for shareholders. Any good that happens to come out
           | for humanity is purely incidental. The US economy is not some
           | fairytale hero.
        
         | MajimasEyepatch wrote:
         | > Is the same thing to happen with software?
         | 
         | Offshoring in software development has been around for a very
         | long time. Most large US companies have a mix of onshore and
         | offshore devs. The more mundane the software, and the tighter
         | the financial macro-environment, the more the ratio shifts
         | toward offshoring. This is the way the offshoring cycle has
         | worked for a long time.
         | 
         | However, unlike hardware, software is about information and
         | communication, and cultural context is very important. I have
         | seen firsthand that non-US teams building software for US
         | consumers often don't quite understand the reasoning behind the
         | requirements and may lack polish around basic things like
         | English. (The same is true, of course, in reverse, if US teams
         | build for non-US audiences.) So I think it should be a little
         | bit stickier.
         | 
         | You also cannot copy software design in the same way that you
         | can copy, say, the design of a lathe. A lathe is a lathe, and
         | as long as you've got the tools and materials, a lathe made in
         | the US should not in theory be any different than one built in
         | China. The same is not true of software.
        
           | dukeyukey wrote:
           | > I have seen firsthand that non-US teams building software
           | for US consumers often don't quite understand the reasoning
           | behind the requirements and may lack polish around basic
           | things like English
           | 
           | Something I'm curious about, have you seen this happen with
           | countries culturally close to the US? Like teams based in
           | Canada, Ireland, or the UK?
        
         | michaelt wrote:
         | _> Is the same thing to happen with software?_
         | 
         | I have a theory that one of the major challenges facing
         | manufacturing in the US is actually the opposite.
         | 
         | A manufacturing company in the US is competing for smart,
         | numerate STEM graduates with the likes of Google who offer
         | graduates $180,000 with zero experience (or so I'm told)
         | 
         | But they're _also_ competing with manufacturers in the far
         | east, where $40,000 is a great salary, for someone with several
         | years of experience.
         | 
         | Difficult to win both competitions.
        
           | poncho_romero wrote:
           | I think that's right, and I think there's a third aspect at
           | play, which is that culturally the US doesn't value jobs in
           | manufacturing, machining, engineering, etc. as highly as it
           | once did (after WW2, say) or as highly as it values finance
           | and tech jobs today. I'm not sure how easily that could
           | change.
        
         | rsync wrote:
         | "Right, it seems the U.S. economy is trying to say, "making
         | elementary machine tools is beneath us.""
         | 
         | Hopefully policy makers and the citizenry will resist following
         | what, as you say, the US economy is trying to say.
         | 
         | You see ...
         | 
         | You can stop making elementary machine tools.
         | 
         | You will never stop making (people who can only make elementary
         | machine tools).
        
         | poncho_romero wrote:
         | Will "all the latest technology" be available? The expertise
         | the US once had in this area is largely gone, and won't come
         | back immediately. I think there's real reasons to be concerned
         | that the US will fall behind countries like China in areas like
         | innovation because of this self-inflicted brain drain.
        
       | aj7 wrote:
       | People who understand this industry can answer in a single word.
       | 
       | Fanuc.
       | 
       | And when Fanuc realized that only GE was capable of competing
       | with it in the computer controls needed to run machine tools (and
       | wasn't doing shit, another Welchism), it cleverly bought off GE
       | by giving it the U.S. franchise for Fanuc, at least until the GE
       | stink began to be undesirable.
        
         | grow2grow wrote:
         | Yes, no surprise that a standard won the battle, over several
         | competing choices. That seems to happen a lot.
        
           | droopyEyelids wrote:
           | Sort of a tautology, right? The winner of the competition
           | becomes the standard.
        
       | nofunsir wrote:
       | I was binge watching TechFreeze[1] on youtube just yesterday!
       | 
       | [1] https://www.youtube.com/watch?v=jOnxOTdx_ps
        
       | jd3 wrote:
       | https://www.youtube.com/watch?v=QU6nsfoNWDI for a trip down
       | memory lane (and coincidentally, an apt example of how far we've
       | fallen).
       | 
       | Can you think of a single modern US-based industry/association
       | which produces educational, instructional, and/or historical
       | videos like this one anymore?
        
       | ChumpGPT wrote:
       | Haas broke US sanction and was directly providing Russia with
       | specialized machine tools to make weapons. The same weapons that
       | they are using in Ukraine and would attack the USA with. The
       | company is morally corrupt.
       | 
       | https://www.pbs.org/newshour/show/american-company-accused-o...
        
         | cpursley wrote:
         | And what of the US made weapons currently pulverizing Gaza? Or
         | maybe Iraq was moral? And please spare me the lazy whataboutism
         | nonsense, we're grownups here.
        
           | pinewurst wrote:
           | Says they who offer only lazy whataboutism...
        
           | PeterisP wrote:
           | The equivalency would be if there were weapons of e.g. some
           | Iranian company sold to Israel and used against Gaza.
           | 
           | As a US company, Haas has a duty to obey US-ordered sanctions
           | and ensure that their products are not being used against the
           | interests of USA, but it has no duty to ensure that their
           | products are not used against interests of Gaza.
        
             | cpursley wrote:
             | This I totally agree with (US companies should abide by US
             | law). It's the moralizing that gets under my skin.
        
         | serf wrote:
         | >The company is morally corrupt.
         | 
         | haas has been morally corrupt for some time.
         | 
         | they're essentially the 'john deere' of machining, they sell
         | under-performing over-priced crap that only they can sell parts
         | for or maintain, which is convenient for them because they
         | produce machines that have some of the highest downtime in the
         | entire industry due to lack of repair
         | facilities/parts/availability as well as overwhelming small
         | quality control problems.
        
       | cantrevealname wrote:
       | > _Consider a company that manufactures its product on lathes.
       | Assume that it has ten lathes that can just meet production
       | requirements. Assume also that each lathe wears out in ten years
       | and that the company has its investment plans so well organized
       | that one lathe is replaced every year. Now consider what will
       | happen if there is a 10 percent increase in demand for the
       | product. The plant will need eleven lathes to meet production
       | requirements. It will have to buy two lathes: one as a
       | replacement for the worn-out lathe and a second to increase
       | capacity. Thus a 10 percent increase in the demand for the
       | product has produced a 100 percent increase in the demand for
       | lathes._
       | 
       | The 100% increase doesn't seem to make sense in this example.
        
         | MajimasEyepatch wrote:
         | It's a 100% increase (i.e. double) relative to what the
         | ordinary demand for lathes would have been.
        
           | Retric wrote:
           | The universe isn't quite that binary.
           | 
           | Suppose those lathes ware out 0.1% faster than expected
           | lasting ~3 days less than 10 years, now eventually you
           | replace 2 of them in the same year thus doubling demand in
           | that year... Except the manufacture wouldn't notice a spike
           | from occasionally sending out a few days earlier even if it's
           | crossing a calendar year.
        
             | bluGill wrote:
             | a lathe doesn't wear out that way. It just slowly gets
             | harder and harder to maintain tolerance. Eventually a new
             | machine will be enough better as to make an experienced
             | machinist take less time - they always have to stop and
             | measure as no lathe can give you absolute accuracy, but
             | when the lathe is new it is more predictable how much
             | turning a handle will change things and so you measure
             | before the last operation and adjust it to the right
             | setting vs you measure get closer and measure again.
        
               | serf wrote:
               | I run a small machine shop, and while I agree that you're
               | opinion is closer to reality it's absolutely not out of
               | the ordinary for a precision metalworking lathe to fail
               | entirely and be dead weight until repair; it's not all
               | gracefully easing into imprecision.
               | 
               | Older lathes, for example, love to put the AC motor under
               | something that either accumulates or produces chips; you
               | can see why this might be a problem over time. It's not
               | out of the ordinary to require motor re-winds.
        
         | AnimalMuppet wrote:
         | Well, it's a 100% increase _from that company_ , for _one
         | year_. The next year, though, they only need to buy one lathe
         | again. And the next year, and the year after that. Every tenth
         | year, they 'll buy two lathes.
         | 
         | Calling that a 100% increase doesn't seem to make sense because
         | it actually doesn't make sense.
        
           | jacquesm wrote:
           | Yes, and there even is such a thing as equipment lease for
           | companies that are liquidity constrained to be able to move
           | to match the market even if their short term reserves would
           | stop them from doing so otherwise. At a price, of course.
           | 
           | The most asked question about the CNC gear we sold was
           | whether or not it could be leased and whether we could offer
           | financing. Almost none of it was bought outright.
        
         | KevinMS wrote:
         | Do lathes actually wear out? Machine tools are built like tanks
         | and could probably last until the end of time, you just need to
         | replace the bearings and motors occasionally.
        
           | dale_glass wrote:
           | Yes, it's a machine with many moving parts. There's bearings,
           | gears, ball screws, lead screw, belts, etc. There's also
           | multiple precision ground surfaces that wear unevenly because
           | some parts of the surface get far more use than others.
           | 
           | The bed tends to accumulate damage over time, as try as you
           | might, you'll eventually drop something heavy on it.
           | 
           | A lot of it is very much fixable, but I suppose that
           | eventually one decides it's too much to bother, especially if
           | something is damaged is badly enough, or the lathe is old
           | enough and it doesn't make much business sense to fix it.
           | 
           | If you abuse a machine badly enough you can get something
           | bent to the point it's not really worth fixing.
        
           | Kon-Peki wrote:
           | There's an entire refurbishment industry keeping them going.
           | 
           | I know that this article said that you could order machine
           | tools from Japan in the 1980s and get them in a few weeks.
           | But that's not the case anymore.
           | 
           | People buy some press or lathe or whatever out of a
           | liquidation warehouse in Michigan for ~$50k and then pay a
           | refurbisher $1,000,000 to get it to whatever specs they need.
           | That's more expensive than buying a brand-new machine from
           | Germany/Italy/Japan, but you get it installed in your
           | facility so much faster that the extra cash is worth it.
           | 
           | And because they last forever with proper care and
           | maintenance, nobody cares if the "new" tool is 70 years old.
           | 
           | Note that this behavior can easily distort the stats on
           | demand for new machine tools ;)
        
           | extrapickles wrote:
           | The lathe ways (the guides/support for each axis) do wear
           | out, but you can re-grind them to be flat again.
           | 
           | Usually you sell the machine at this point to someone who
           | doesn't need the precision and get a new machine.
        
           | tejtm wrote:
           | If they did not; we would not have the entire art of scraping
           | [0]
           | 
           | Yes, if meticulously maintained and lightly used some can
           | last a good while. In a less pristine environment, say where
           | deadlines need to get met, they wear out unevenly, for
           | lathes, the ways near the headstock usually see more work
           | than the tailstock end. So, the machine now cuts a taper when
           | it is suppose to cut parallel.
           | 
           | [0]
           | https://duckduckgo.com/?t=lm&q=scraping+machine+tools&ia=web
        
       | 1nd1ansumm3r wrote:
       | What was considered high-end precision machining a few decades
       | ago is now standard and easily reproducible in cheap labor
       | markets. For example, guitars made in SKorea used to be a bad
       | joke. Their machining tolerances were too big and too
       | inconsistent. Much like storage and bandwidth what used to be
       | exotic cost-prohibitive is now cheap.
        
       | mauvehaus wrote:
       | If you're into machining, the American Precision Museum[0] in
       | Windsor, VT is highly worth a visit.
       | 
       | I had the good fortune to tour the Starrett factory some years
       | back. They were still running pre-NC screw machines to make
       | parts. It really is true that old machines, well cared for, will
       | last just about forever. Apparently it's something of an axiom in
       | the machining industry that tools that are no longer economically
       | viable for large scale production end up in job shops where the
       | capability is needed but there isn't a need to pump out volume.
       | 
       | The Springfield Armory[1] is also a neat visit. For hopefully
       | obvious reasons, their machining exhibits are focused on the
       | production of weapons. The American Precision Museum is actually
       | housed in a historic privately-owned gun factory. It turns out a
       | lot of the progress in machining is driving by the need to make
       | weapons.
       | 
       | [0] https://americanprecision.org/
       | 
       | [1] https://www.nps.gov/spar/index.htm
        
         | digitalsushi wrote:
         | If you go in late August and have a strong affinity for amateur
         | astronomy, you can have one heck of a weekend by visiting
         | Stellafane 10 miles south of there in Springfield VT. Probably
         | an abuse of a comment but it's so rare to find two things to do
         | so close together in that area.
        
         | MisterTea wrote:
         | Visited when I was a kid it was fun seeing all the belt driven
         | machinery that wasn't so different than my father's machine
         | shop (job shopped manual and CNC milling and turning.) The 90s
         | was when we saw the manufacturing downslide then my father got
         | sick and passed. We kept it going but by the 2000's China was
         | eating everyone's lunch. Though the fall of the Berlin wall
         | killed a lot of aerospace work which was big business on Long
         | Island. We sold the business in 2006 and somehow the guy who
         | bought it is still in business though downsized and runs it
         | himself now.
        
         | drmpeg wrote:
         | I worked at my fathers machine shop (which was a subsidiary of
         | New Britain Machine Company) a couple of summers when I was in
         | high school in the mid 70's. It was quite an experience and the
         | employees were some of the crustiest characters I've ever met.
         | The second summer, I worked with this guy named Ray on a huge
         | machine that made the heads to ratchet wrenches (the square
         | part with the little ball). He was one of these guys that was
         | continuously pissed off. A man's man probably only 35, but
         | looked 45 and smoked Camel unfiltered cigarettes. But the thing
         | I remember most about him was that he could swear for a minute
         | straight and never use the same word twice. For example, he
         | called the machine "The Afterbirth". I'll never forget that
         | man.
        
       | karmasimida wrote:
       | So it is the story of losing because of market competition?
       | Doesn't feel that surprising of an outcome
        
         | bluGill wrote:
         | Not really. The story is management wasn't able to handle a
         | downturn and so failed to come out of a recession.
        
       | psychlops wrote:
       | > A strong dollar made imports even cheaper by comparison
       | 
       | I think that summarizes the article. It has been cheaper to
       | import, so we do. The strong dollar policy supports some
       | industries at the expense of others.
        
         | bluGill wrote:
         | I'd say MBAs driving for quarterly numbers were unable to
         | manage the business cycle is a better summary.
        
           | edgyquant wrote:
           | That's just corporate political shade throwing. Fiscal policy
           | has, for a few generations now, incentivized trade deficits
           | for foreign policy reasons. Overtime this results in
           | offshoring of all industry.
        
           | missedthecue wrote:
           | This is as empty as saying trade unions caused it. Does Japan
           | not have MBAs? It's all about comparative advantage.
        
             | bluGill wrote:
             | Apparently Japan's MBAs can manage for longer term. At
             | least in this one industry.
        
             | badpun wrote:
             | From what I've heard, Japan has very different corporate
             | culture, more focused on loyalty and social stability, than
             | on maximizing profit. They can even keep unprofitable
             | divisions of the company, because they don't want to fire
             | people who work in them.
             | 
             | Would be nice if someone with first-hand knowledge of
             | Japanese corporate world could confirm/deny it.
        
           | maxglute wrote:
           | Article says machinist industry failed to lobby the same way
           | as US steel. Not that US steel is doing healthy. But at some
           | point it's the govs foresight / job to reign in MBAs via
           | protectionism and industrial policy for strategic sectors. As
           | other's have mentioned, JP has MBAs too. Maybe lesson is JP
           | Gov listened to Zaibatsu/conglomerate lobbying power.
        
         | edgyquant wrote:
         | This is the answer to all American manufacturing woes. The
         | dollar as a reserve currency gives the US a ton of global
         | leverage but requires a trade deficit thus it comes at the
         | expense of domestic industries.
        
           | specialist wrote:
           | I'd love to understand statements like this.
           | 
           | Lemme try:
           | 
           | Because trade deficits induce demand for dollars? Like how
           | Japan and now China hold a bajillion US dollars? So if the US
           | had (prolonged) trade surplus, no one would be holding
           | dollars?
           | 
           | But wouldn't trade partners still need US dollars to buy US
           | goods? Like the situation post-WWII?
           | 
           | So then we'd "loan" partners US dollars to buy our stuff?
           | 
           | Aiugh. My brain just broke.
           | 
           | How does a noob like me learn about these systems. I know it
           | all probably makes sense to the learned. But with my folk
           | (mis)understanding, these claims sound counterintuitive.
           | 
           | Thanks.
        
             | maxglute wrote:
             | https://en.wikipedia.org/wiki/Exorbitant_privilege
        
             | prettychill wrote:
             | I found this blog post to be quite interesting
             | https://www.lynalden.com/fraying-petrodollar-system/
        
             | depereo wrote:
             | I think of it as another type of
             | https://en.wikipedia.org/wiki/Resource_curse
        
             | fuzztester wrote:
             | "Aiugh. My brain just broke.
             | 
             | How does a noob like me learn about these systems. I know
             | it all probably makes sense to the learned. But with my
             | folk (mis)understanding, these claims sound
             | counterintuitive.
             | 
             | Thanks. "
             | 
             | don't worry, your intuition is right. you are on the right
             | track when you say that your brain broke. you are more
             | learned, or rather, more wise than those guys.
             | 
             | because a lot of economics is BS, a hotchpotch of some art,
             | craft, heuristics, observations and formulae, pretending to
             | be a science.
             | 
             | this is exactly why economics is known as "the dismal
             | _science_ ", and why there is a saying that if you get 20
             | economists in a room and ask them the same question, you
             | will get 20 different answers.
             | 
             | (italics mine)
             | 
             | I studied economics in high school for a whole year (11th
             | grade). the course covered both microeconomics and
             | macroeconomics. the Samuelson (MIT prof., IIRC) book was
             | one of our text books.
             | 
             | I did well in class, was among the top few students.
             | 
             | I made some penetrating comments to which my teacher had no
             | satisfactory answer. it was on a situation / question
             | regarding OPEC (the oil cartel).
             | 
             | from that time on, and also from subsequently reading
             | economics articles and news now and then, I could intuit
             | and piece together the opinions that I stated above. :)
             | 
             | so, not to worry :)
        
               | edgyquant wrote:
               | Not sure how you can pretend I'm wrong when what I stated
               | is an observation of the world and not an opinion. The US
               | moved its industry overseas and switched to exporting
               | dollars in an effort to buy sway inside of other
               | countries. It did this to isolate Russia and win the Cold
               | War.
        
             | mywittyname wrote:
             | > So then we'd "loan" partners US dollars to buy our stuff?
             | 
             | Other way around, they buy T-bonds -- i.e., "loan" dollars
             | to the US Government. But the country is still owed that
             | money back - it's like a trillion dollar bank account. One
             | could say China "lends" dollars to the Treasury, but it's
             | also just as accurate to say they "deposit" dollars into
             | the Treasury. It's all just words to describe the action of
             | giving money to another party to hold onto temporarily.
             | 
             | "Strong" currency means there's more demand for it. Demand
             | is usually a function of what you can buy with the
             | currency.
             | 
             | When countries reinvest their dollars into T-Bonds, they
             | are double dipping on establishing demand for dollars. On
             | one hand, they are owed back the dollars handed over to the
             | Treasury (thus, creating future demand for USD), and on the
             | other, accepting USD for the sales of their goods/services
             | induces demand for USD, since it is yet another good that
             | can be purchased with USD.
             | 
             | "Weak" currency means that there's less demand for it. Weak
             | currencies tend to be those from countries that produce
             | little in the way of goods and services, or they only
             | produce commodities (like oil) that are generally traded in
             | other currencies.
             | 
             | A weak currency can be a benefit. Hence why so many
             | countries seek to artificially weaken their currency (aka
             | currency manipulation). They often do this by strengthening
             | the the USD. Sell to the USA, accept USD from foreign trade
             | partners, buy T-Bonds with excess currency. The market for
             | USD is so damn big that this is often trivial to do
             | unnoticed, like using ocean to fill a swimming pool. But
             | economies like Japan and China eventually grew to the point
             | where their currency manipulation had a meaningful impact
             | on the USD and American economy, rising the ire of American
             | politicians. You can read about the Japanese "lost decade"
             | which was suspected to be the result of American
             | politicians intentionally targeting the Japanese economy
             | due to currency manipulation and a general fear that the
             | Japanese would "take over the world." (you can see these
             | fears highlighted in 80s movies)
             | 
             | > How does a noob like me learn about these systems.
             | 
             | Take an economics class. Eco 101 is kind of trash for
             | understanding anything truly useful. But at higher levels,
             | you get into mathematical models for the underlying systems
             | that govern trade. Granted, it's a little more hand-wavy,
             | since economists can't conduct experiments at the scale
             | that physicists can. But there is generally some
             | experimental data supporting the models (it just might be
             | data collected on college students trading candy bars).
             | 
             | You can read about what happened to the Swiss economy
             | during the pandemic. They are a smaller economy that's been
             | plagued by an absurdly strong currency. There's been a lot
             | of reporting and research into the many factors
             | contributing to the currency's strength as well as the
             | impacts it has had on such a small country.
        
             | edgyquant wrote:
             | Honestly I learned the basics in Econ classes during
             | college and have an interest in international
             | relations/geopolitics so I'm not sure a good single source
             | for learning about it all. But yeah there is some
             | macroeconomic wizardry involved here. I'll add it is a
             | political thing and not a right v wrong policy. Choosing
             | manufacturing power or global influence is a trade off with
             | pros and cons.
        
         | ren_engineer wrote:
         | cheaper when not including externalities(losing critical
         | manufacturing capabilities), which is why a proper government
         | would take action. But the problem is our government is heavily
         | lobbied to not protect critical industries in the name of short
         | term corporate profits. And in many cases our government is
         | outright hostile to manufacturing by holding domestic producers
         | to pollution/labor regulations but allowing imports from
         | countries with no regulations
        
         | plagiarist wrote:
         | Trade agreements have allowed importing from countries where
         | human rights are (more of) an economic externality. Domestic
         | manufacturers can really only compete on the ability to do
         | small batches, higher tolerances, and quick turnaround; like
         | for R&D projects or medical devices.
        
           | loglog wrote:
           | The article specifically mentions that Japanese manufacturers
           | could deliver tools much faster than US ones.
        
         | advisedwang wrote:
         | Also that right after a drop in domestic machine tools demand
         | due to recession American industry collapsed overall.
         | 
         | It should be no surprise few machine tools are made when
         | there's less domestic industry overall.
        
       | Joel_Mckay wrote:
       | 1. lack of stable production lines due to real-estate
       | securitization and zoning. i.e. it is a huge liability to install
       | something expensive likely to break if moved, and burning capital
       | in a sucker lease.
       | 
       | 2. lack of cheap 3-phase power in said zoning, and aging power
       | infrastructure. EVs will likely make the problem worse.
       | 
       | 3. lack of skilled labor due to career churn from outsourcing.
       | i.e. it became a demand-deficient labor-force now reassigned to
       | other careers.
       | 
       | 4. Manufacturing domestically is strictly a niche industry, as
       | consumers are cost sensitive, and value blind
       | 
       | If you go to foundry districts in India, one will see many US
       | machines that were sold for scrap still powering emerging
       | economies. The mechanical equity of 60 year old machines are
       | still supporting entire communities.
        
         | barelyauser wrote:
         | Value blindness is the bane of my existence. Thin walled
         | plastic everywhere. Things are difficult to clean because they
         | are filled with grooves, because you need grooves and bends to
         | make thin walled plastic stiffer. A very good criteria for
         | quality and value is: how easy is it to clean? If it is hard
         | then you probably are dealing with a low value disposable
         | product. Consider porcelain, lasts forever, cleans beautifully
         | and does not stain. Or spoons made with solid stainless steel.
         | Spoons made with thin sheet steel often have bends and corners
         | as to make the thin sheet stiffer. But then dirt accumulates on
         | these corners.
        
           | Joel_Mckay wrote:
           | The cost of porcelain is similarly constrained by labor,
           | energy cost, and space.
           | 
           | I learned a lot from a domestic slip-casting company as a
           | kid. It taught me big heavy things are not economical to
           | ship, and thus remain locally competitive in a global market
           | even when competitors are 100% subsidized. Amazon shifted
           | this calculus a bit, but is still constrained by energy/fuel
           | costs.
           | 
           | The power of plastic is automated cycle times under 45
           | seconds, minimum infrastructure needs, and shipping weight.
           | In a way, Tesla Giga Press technology leverages similar
           | strategies for Aluminum parts.
        
             | sct202 wrote:
             | That press you mentioned in an interesting example of the
             | globalization of machine tools. Commissioned by an American
             | company and made in Italy by a Hong Kong Chinese owned
             | company, which now makes them in China.
        
       | georgeplusplus wrote:
       | We gave up the low intelligence blue collar manufacturing jobs so
       | city dwellers can obtain highly specialized and skilled expensive
       | college degrees to do important work on global problems in matter
       | like, making and editing excel spreadsheets, writing emails, and
       | sitting in on web meetings.
       | 
       | I am writing this while drinking an 8$ caramel latte from
       | Starbucks with a slice of avocado toast for 17.99$.
        
       | jillesvangurp wrote:
       | > Constant pressure to hit quarterly performance targets meant
       | that machine quality often suffered. In some cases, machines
       | would be shipped out the door unfinished so the delivery could be
       | booked, and assembly would be completed by service technicians at
       | the customer's location. In his history of the American machine
       | tool industry, Albert Albrecht states that "the actions of these
       | larger corporations and conglomerates, under the leadership of
       | financial MBA's, perhaps more than any other factor, contributed
       | to the restructuring and decline of the US machine tool industry
       | at the end of the 20th century."
       | 
       | In short, the MBAs happened. Clueless management was brought in
       | who then decimated anything they did not understand. I.e.
       | everything. Aided by Reagan policy to aggressively outsource
       | manufacturing from the nineteen eighties US manufacturing just
       | imploded.
       | 
       | Just speculating here, but by the time the Japanese and the
       | Germans caught up and got really good at machine tools, the
       | metric system would have become an obstacle as well. Because the
       | US insisting to do everything in inches, foot pounds, and what
       | not doesn't translate very well internationally when you start
       | outsourcing all your manufacturing. Outsourcing meant
       | manufacturing standardized on the metric system using equipment
       | and parts not made in the US.
       | 
       | Just speculating here, but I imagine that all that combined lead
       | to a natural preference for non US based manufacturing companies
       | that took over from US companies to not use any US made equipment
       | or parts. So, manufacturing became predominantly metric based and
       | that would have affected standard components, screws, bolts,
       | parts, etc. All made by non US companies standardizing on all of
       | that.
        
         | cpursley wrote:
         | MBA thinking ruins everything it touches. Boeing is another
         | example. It's all about short-term profits over long term
         | sustainability.
        
           | lasermike026 wrote:
           | Fire all the MBAs.
        
           | mobilio wrote:
           | also HP...
        
         | baron816 wrote:
         | > Constant pressure to hit quarterly performance targets meant
         | that machine quality often suffered.
         | 
         | It's not necessarily the case that greedy, ignorant MBAs came
         | in and ruined everything. Like, if their practices were so
         | inferior, then any domestic firm that didn't get taken over by
         | them should've had a leg up and could've dominated the domestic
         | market.
         | 
         | Don't you think the more likely source of "pressure" was the
         | international suppliers who had lower costs?
         | 
         | > Aided by Reagan policy to aggressively outsource
         | manufacturing from the nineteen eighties US manufacturing just
         | imploded.
         | 
         | Was the policy to outsource everything, or liberalize markets
         | and let firms and consumers more freely choose where to buy
         | things from? Globalization has done quite a lot to lift people
         | out of poverty and keep prices low.
        
           | lesuorac wrote:
           | > Like, if their practices were so inferior, then any
           | domestic firm that didn't get taken over by them should've
           | had a leg up and could've dominated the domestic market.
           | 
           | There aren't infinite firms. Plus in the article, the
           | previous paragraph goes into how the tooling industry was
           | being bought up by conglomerates so the finite firms became
           | even easier to count.
           | 
           | A company fitting your argument is Telsa. The existing firms
           | weren't willing to canabalize their existing product lines so
           | they didn't invest into EVs and now a domestic firm is eating
           | at their market share. However, "Who killed the electric
           | car?" is from 2006, there has been a lot of pent up demand
           | for EVs that no domestic firm was selling to.
           | 
           | However, something also fitting your argument is Moneyball
           | [1][2]. It's not until the 2002 season that teams start to
           | use statistics to determine who to staff their roasters? The
           | League is from 1876; it took 126 years of baseball before a
           | team figured out how to use math!
           | 
           | > Don't you think the more likely source of "pressure" was
           | the international suppliers who had lower costs?
           | 
           | Well, the article agrees in that it says "By now, tools from
           | Japan and other countries were as good as or better than US
           | tools, not to mention cheaper and more reliable.".
           | 
           | However, R&D was also being cut prior to this so if you don't
           | do any R&D and your products become uncompetitive it's
           | probably because R&D was cut.
           | 
           | > Was the policy to outsource everything, or liberalize
           | markets and let firms and consumers more freely choose where
           | to buy things from?
           | 
           | Well, don't forget there are winners and losers when trading.
           | 
           | In this case the losers are the American Tooling Industry;
           | the winners were everybody that bought from them lol.
           | 
           | --
           | 
           | I do think this growth every quarter is a big problem though.
           | The early observers of business cycle all noticed that it has
           | its ups and downs. Pretending that there won't be a down and
           | fudging the numbers so that you don't have any downs is going
           | to cause future problems. Delivering not-finished lathes
           | counts to me as fudging the numbers.
           | 
           | [1]: https://en.wikipedia.org/wiki/Moneyball_(film) [2]:
           | https://en.wikipedia.org/wiki/Sabermetrics
        
             | AnthonyMouse wrote:
             | The main way for countries with higher wages to compete is
             | through automation. You can't supply 1000 laborers at
             | $2/hour, but you can supply five skilled mechanics at
             | $50/hour.
             | 
             | The problem with this is that the 1000 people who had been
             | doing the labor in the US for $25/hour don't want that to
             | happen any more than they want it to move offshore, and
             | they're the people with the skills to ensure the automation
             | goes smoothly. So they resist and then lose to offshore
             | manufacturing rather than domestic automation.
             | 
             | Which in turn causes the US to lose even more manufacturing
             | jobs, because now that factory is in Asia and it's more
             | economical for its inputs and outputs to be other factories
             | in Asia.
             | 
             | The way out of this is to make sure domestic barriers to
             | entry are low, so that you get more new domestic companies
             | like Tesla that aren't stuck in this trap. Right now that
             | _isn 't_ the case and Tesla is an exception that got there
             | on hype and eccentric leadership, whereas what you really
             | want is for domestic small businesses to be able to eat the
             | lazy incumbent's lunch long before China does, and indeed
             | to be able to eat the Chinese company's lunch by replacing
             | a thousand low-wage workers with a handful of high-paid
             | specialists.
        
           | bsder wrote:
           | > It's not necessarily the case that greedy, ignorant MBAs
           | came in and ruined everything. Like, if their practices were
           | so inferior, then any domestic firm that didn't get taken
           | over by them should've had a leg up and could've dominated
           | the domestic market.
           | 
           | In this instance, it was people like Icahn.
           | 
           | Machine tools were a _very_ cyclical market. Consequently,
           | they did well as part of a vertically integrated conglomerate
           | where the profits could be booked over time and the R &D
           | could be shared with the manufacturing parent. When forced to
           | spin out and stand alone by corporate raiders, those
           | companies were effectively doomed as you just ripped out
           | their ability to do R&D.
           | 
           | In addition, people forget that the Japanese companies were
           | very much _not playing fair_. MITI (Ministry of International
           | Trade and Industry) and the keiretsu /zaibatsu companies were
           | actively attacking the US companies--this was effectively
           | governmental and monopoly collusion. This attack was to the
           | point that they almost wiped out the semiconductor industry
           | (which prompted the DARPA VHSIC project and later Sematech in
           | response) for example. They did similar actions in the
           | manufacturing industries but the government never responded
           | with the same vigor.
           | 
           | > Was the policy to outsource everything, or liberalize
           | markets and let firms and consumers more freely choose where
           | to buy things from?
           | 
           | The policy was to fund the hell out of West Coast (high tech
           | and mostly no unions) and to leave the Rust Belt
           | (manufacturing and lots of unions) to rot.
           | 
           | I will be one of the first to line up to piss on Reagan's
           | grave for the complete shit that he was. However, to be fair,
           | _NOBODY_ had any answer to the fact that manufacturing
           | automated and could get by on two orders of magnitude fewer
           | employees. Every country dependent upon manufacturing went
           | through a horrible time (see: England and Thatcher for
           | similar vitriol). In fact, nobody _still_ has any answer 4
           | decades+ later. It 's one of the reasons there are so many
           | old, very angry MAGAs.
           | 
           | > Globalization has done quite a lot to lift people out of
           | poverty and keep prices low.
           | 
           | At what _local_ cost? Nobody in Cleveland gives a shit about
           | whether someone in Africa is doing better when they can 't
           | make their house payment.
        
             | CPLX wrote:
             | There's no such thing as playing fair it's just national
             | industrial policy.
             | 
             | Every country has one.
             | 
             | The change was that ours went from "try to have industry in
             | this country" to "my friends make money offshoring stuff"
             | instead.
        
             | glompers wrote:
             | Great points.
             | 
             | Riffing on your last remark, the federal labor statistics
             | list of Ohio occupations with the highest location
             | quotients (prevalence in that area divided by prevalence of
             | the same occupation nationwide) still shows machine tools
             | related professions near the top. Surely that cluster of
             | expertise would be in even greater demand if the national
             | economy were to grow in that direction.
             | 
             | May 2022
             | 
             | Engine and Other Machine Assemblers 4.21
             | 
             | Multiple Machine Tool Setters, Operators, and Tenders,
             | Metal and Plastic 3.79
             | 
             | Patternmakers, Metal and Plastic 3.23
             | 
             | Forging Machine Setters, Operators, and Tenders, Metal and
             | Plastic 2.99
             | 
             | Heat Treating Equipment Setters, Operators, and Tenders,
             | Metal and Plastic 2.91
             | 
             | Tool and Die Makers 2.81
             | 
             | Grinding, Lapping, Polishing, and Buffing Machine Tool
             | Setters, Operators, and Tenders, Metal and Plastic 2.75
             | 
             | Sewers, Hand 2.71
             | 
             | Cutting, Punching, and Press Machine Setters, Operators,
             | and Tenders, Metal and Plastic 2.70
             | 
             | Model Makers, Metal and Plastic 2.64
        
             | AnthonyMouse wrote:
             | > When forced to spin out and stand alone by corporate
             | raiders, those companies were effectively doomed as you
             | just ripped out their ability to do R&D.
             | 
             | It would be just as fair to blame the original culture of
             | having vertically integrated conglomerates to begin with.
             | 
             | If there is anyone who should be able to figure out how to
             | automate manufacturing with a small number of workers, it
             | should be a bunch of machinists. But you put them in a
             | lumbering conglomerate and teach them that automation is
             | the enemy because it will take their jobs. Then they take
             | that same attitude into a smaller company that has to be
             | leaner in order to survive and you've set them up for
             | failure.
             | 
             | Whereas if you embrace it, instead of domestic buyers
             | getting their goods from cheap labor in China, domestic
             | _and_ international buyers get their goods from automated
             | domestic factories that employ fewer people per unit but
             | make more units than ever before because they have globally
             | competitive prices and the global demand when you can
             | supply at a low price is enormous.
             | 
             | > Nobody in Cleveland gives a shit about whether someone in
             | Africa is doing better when they can't make their house
             | payment.
             | 
             | But the reason they can't make their house payment is the
             | same kind of regulatory capture that they supported and
             | caused them to lose their job, which in turn makes housing
             | unaffordable because you can't outsource plumbers and
             | electricians.
        
               | maxglute wrote:
               | > you can't outsource plumbers and electricians
               | 
               | Not yet. Wonder where west would be if politics threw
               | trades to the wolves and kept machinists. Maintain
               | manufacturing prowess and build cheap factories.
        
               | sokoloff wrote:
               | > you can't outsource plumbers and electricians
               | 
               | You can _outsource_ trades (that 's literally what almost
               | every general contractor builder does->outsource
               | specialist trades to subcontractors).
               | 
               | You can't _off-shore_ them (or at least not nearly so
               | easily and completely).
        
               | KRAKRISMOTT wrote:
               | Mexico is a large country with a very liquid labor supply
        
           | michaelbrave wrote:
           | Brand names carry weight for several years before the damage
           | becomes apparent.
           | 
           | Often their cost cutting measures seem positive at first as
           | it creates a profit uptick, but it's usually at the cost of
           | the brand, so 3-5 years later things take a turn (once the
           | consumer has figured out the brand can't be trusted anymore).
           | By that point it's hard to put the blame on the appropriate
           | person or identify the appropriate reason for a less
           | profitable year.
        
             | neuralRiot wrote:
             | I said it thousand times in different but related at root
             | topics, quality and reliability are possible but why would
             | somebody build something that would last forever? It's more
             | profitable to churn cheap garbage over and over specially
             | when customers wouldn't pay for quality products or when a
             | new, more flashy and feature-rich one is launched everyday.
             | It's the same for electronics, fashion, cars, machines and
             | anything. Manufacturers just push consumers to "desire" the
             | brand new product but the grinder is spinning faster and
             | faster and the landfills getting higher and higher.
        
         | hasty_pudding wrote:
         | > In short, the MBAs happened
         | 
         | This describes many many things in the USA.
        
           | depereo wrote:
           | MBAs are fine, honestly. I have a manager who came up in the
           | industry he works in. He worked at the 'coal-face',
           | understands the issues and has real perspective. He got an
           | MBA later in his career and uses what he learned from that to
           | more effectively communicate up the chain and has some new
           | ideas that he filters through his industry experience to make
           | his team more effective.
           | 
           | Children who get an MBA before getting a job and think they
           | have some magic sauce that solves problems for an industry
           | without respecting the work that's been done and knowing why
           | those problems exist to begin with (maybe they're trade-offs?
           | For a real reason?) are a problem, as are the clueless twats
           | who listen to their breathless assertions as though they
           | carry any weight.
        
             | hasty_pudding wrote:
             | The MBA philosophy vs the craftsman philosophy differ
             | vastly.
        
               | mywittyname wrote:
               | MBAs are taught techniques for optimizing for quality and
               | cost. It's not always an either/or decision.
               | 
               | Even when it is an either/or situation, sometimes it's
               | better to build a product that is half the price for a
               | quarter of the lifespan. A buyer who will use a tool for
               | 30 hours doesn't really care if the service life of a
               | tool has been reduced from 1000 hours to 250 if the price
               | is halved.
        
               | hasty_pudding wrote:
               | > techniques for optimizing for quality and cost
               | 
               | Some of those techniques:
               | 
               | 1. hiring each other and bloating bureaucracy in
               | healthcare and education and other industries jacking up
               | prices that werent expensive before
               | 
               | 2. come up with ideas like 'shrinkflation' and 'planned
               | obsolescence
               | 
               | 3. reducing quality and making products unrepairable so
               | we have massive waste in landfills and things like a
               | giant pacific garbage patch
               | 
               | 4. purchasing quality brands , parasiting the brand name,
               | and making the actual product shitty
               | 
               | 5. hollowing out every industry in quality and
               | jobs...making private equity monopolies so theres no
               | competition and then hiring more MBAs.
               | 
               | What you call 'optimizing quality and cost' I call
               | 'trying the fuck the consumer to the maximum amount
               | without them noticing'. But, to be fair, those are the
               | same thing.
               | 
               | Just my observations. Capitalism is becoming a zombie and
               | MBAs are the cordyceps.
        
               | lazide wrote:
               | The issue isn't MBAs. They are just a symptom.
               | 
               | What the issue is, is that we're essentially in the third
               | 'wave' of US economic change post WW2 manufacturing boom.
               | 
               | Post WW2, the United States was the only manufacturing
               | economy that hadn't been bombed to smithereens, has not
               | only little to no real debt, but a lot of debtors that
               | would repay them, and had massive amounts of undeveloped
               | land ripe for development, and a major new manufacturing
               | base looking for things to do.
               | 
               | This allowed the US to become the world's reserve
               | currency (along with gold) in the Bretton Woods agreement
               | in '44. That lasted until '71.
               | 
               | [https://en.m.wikipedia.org/wiki/Bretton_Woods_system]
               | when the dollar stopped being backed by gold, allowing
               | periods of increased inflation.
               | 
               | At around the same time, the economies of Western Europe
               | and Asia had mostly recovered, and they were starting to
               | catch up on manufacturing to compete with the US.
               | 
               | This led to increasing competitive pressures with US
               | manufacturing, and increasing incentives to go towards
               | Globalization and outsourcing to chase the cheap labor
               | and more willing to compete manufacturers in these
               | locations. Switching the US to a 'knowledge economy' was
               | the natural progression.
               | 
               | That easy money is mostly gone now, and the US is also no
               | longer far ahead in many areas on knowledge.
               | 
               | China in particular is starting to come close on almost
               | all metrics. If Europe has a recession, their primary
               | disadvantage (cost) may turn into an advantage.
               | 
               | So then the US is much more on par with everyone else -
               | for the first time in several generations.
               | 
               | And that causes quite a rude awakening economically, as
               | now the US potentially has real and actual competitors it
               | isn't 5 steps ahead of already.
               | 
               | MBA'ism is because long ago the economy switched from
               | 'actually leaps and bounds ahead of competitors' to
               | optimization. As most of the actual structural
               | differences have now equalized, and we're down to who can
               | make it cheaper/simpler. No one wants a 5 lb drill that
               | costs $100 if they can have a 2lb drill that costs $50
               | and does the jobs they want well.
        
         | adolph wrote:
         | Agreed and to clarify:
         | 
         | > everything in inches, foot pounds, and what not doesn't
         | translate very well internationally when you start outsourcing
         | 
         | It translates pretty well for the last 90 years:
         | 
         |  _In 1930, the British Standards Institution adopted an inch of
         | exactly 25.4 mm. The American Standards Association followed
         | suit in 1933. By 1935, industry in 16 countries had adopted the
         | "industrial inch" as it came to be known, effectively endorsing
         | Johansson's pragmatic choice of conversion ratio._
         | 
         | https://en.wikipedia.org/wiki/Inch
         | 
         | See also the paragraph above referencing the precision tools
         | enabled by Swede Carl Johansson's "Jo Blocks." For a nice
         | video/contextual storytelling, see Machine Learning channel's
         | Origins of Precision:
         | https://www.youtube.com/watch?v=gNRnrn5DE58
        
         | cityofdelusion wrote:
         | The metric system wasn't a factor, it was all economics as laid
         | out in the article. Tooling both foreign and domestic was/is a
         | mixture of imperial and metric to meet certain markets. The
         | major force behind machining, automotive, did their conversions
         | to metric back in the 1970s. The U.S. was seriously lacking in
         | computerized machining and had plenty of time to shift to
         | metric based machines, but the MBAs had already determined long
         | before that they preferred overseas manufacturing at a fraction
         | of the cost.
         | 
         | Machining today is heavy metric, even in the U.S. and there is
         | still no economic way to make it all work, much like with steel
         | production and other manufacturing concerns.
        
           | mywittyname wrote:
           | > Machining today is heavy metric, even in the U.S.
           | 
           | Likely due to the dominance of metric tooling from abroad.
           | 
           | Old ass machine equipment is imperial and is still in use.
           | Imperial measuring devices are still widely available as
           | well.
           | 
           | I think the OP is probably onto something.
        
           | rvba wrote:
           | The MBAs probably did not want to invest into anything. I see
           | it all the time, it feels like they never thing more than one
           | year ahead.
        
         | bawana wrote:
         | Wait till you see what the MBAs have cooked up for health care.
         | You'll die in the Emergency Room waiting room. Even concierge
         | medicine wont save you.
        
         | citizenpaul wrote:
         | I've long been sounding the alarm on MBA'ification destroying
         | everything. To me its the most under discussed problem with
         | society in better quality of life areas.
         | 
         | In the beginning they cleaned up messy, inefficient, wasteful
         | processes. However for the most part MBA's ran out of real
         | stuff to do 10-20 years ago. Ever since then it has just been
         | about how much more can they shave off of 0.1% of 0.1% of just
         | one more thing that doesnt need it but hey they have a quartly
         | bonus attached.
         | 
         | Or like a comedian I recently saw said, every new business
         | these days are basically something like:
         | 
         | Hey you know how a taxi driver can afford to feed his family?
         | 
         | What if he couldn't anymore?
        
       | 11thEarlOfMar wrote:
       | At some point, the technical advancement rate of markets tops out
       | and other nations then can catch up. Ford ultimately gave way to
       | Toyota. Westinghouse to Panasonic.
       | 
       | The counter example is the semiconductor tool industry where the
       | advancement of technical capability remains ahead of the rate
       | other countries can catch up with them. Internal to the industry,
       | the 'low-tech' machines are made by Japanese manufacturers: Track
       | (TEL), Wet (Screen).
       | 
       | US/Europe (AMAT, LRCX, KLAC, ASML, ASMI) remain dominant in that
       | capital equipment market.
        
       | FrustratedMonky wrote:
       | Read a great book on this in college in formative years. Made me
       | pretty depressed about how management/markets can target false
       | equilibrium points.
       | 
       | Markets do not drive efficiency. At least not if chasing
       | quarterly profits drives bad decisions.
       | 
       | "When the machine stopped: A cautionary tale from industrial
       | America"
       | 
       | https://www.amazon.com/When-machine-stopped-cautionary-indus...
       | 
       | Note: referenced in the OPs original article
        
         | pinewurst wrote:
         | This is a great book - I still own my copy and occasionally
         | reread it.
        
       | lkramer wrote:
       | Why do I feel there is a parallel here to Boeing? (Maybe that was
       | the motivation for the submission)
        
       | ThaDood wrote:
       | So from what I can tell, a lot of boils down to the same reasons
       | most of America/US manufacturing declined. Globilzation, greed
       | and other factors.
       | 
       | This article really hits home for me. I grew up in Cincinnati and
       | it was a tool making powerhouse back in the day. Cincinnati Tool,
       | now Milacron and many others were made here in town. We still
       | have a few nice tool makers in Ohio - Kett and Wright but its sad
       | to read about how much this industry powered the nation and a lot
       | of its innovation.
       | 
       | Going to our museum center, hell even our Airport has a bunch of
       | exhibits that take about all of the tool making and industry we
       | used to have. Makes me sad really.
        
       | eunos wrote:
       | Also US more or less export controlled CNC to China, boosting
       | German, Japanese and even Taiwanese machine tool industry
       | massively since China bought many from them.
        
       | bane wrote:
       | I grew up in a family printing business. Printing is a
       | manufacturing industry just like anything else, with equipment of
       | various sorts at every step of the production chain. Even in the
       | 80s, when the business was going strong, _most_ of the equipment
       | we used was from Germany or Japan.
       | 
       | Sure there were a few odds and ends made in America, things like
       | X-Acto knives, or wax melting machines or something. Paper, ink,
       | and a few other chemicals used for various parts of the
       | production processed were usually sourced from the U.S. or Canada
       | IIR.
       | 
       | But the presses, big cutting and binding machines? Every single
       | one was from overseas: Heidelberg, Hamada, Ryobi, others. It was
       | simply impossible to get machines of the quality and precision
       | from the U.S. This often meant multi-week downtimes for aging
       | machines that needed parts replaced or repaired, waiting for a
       | single roller or a latch or something while it was shipped from
       | the home country.
       | 
       | As things moved more and more digital, the front-end equipment
       | likewise became more and more foreign made.
       | 
       | In my lifetime, the U.S. never owned the entire vertical supply
       | and manufacturing chain in that industry. I'm not sure if it ever
       | did.
        
       | toss1 wrote:
       | First thought, being in the aerospace advanced composites field
       | and using machine tools: "MBAs"
       | 
       | Aaaand, the money quote:
       | 
       | " In his history of the American machine tool industry, Albert
       | Albrecht states that "the actions of these larger corporations
       | and conglomerates, under the leadership of financial MBA's,
       | perhaps more than any other factor, contributed to the
       | restructuring and decline of the US machine tool industry at the
       | end of the 20th century." "
       | 
       | MBAs & financial "leadership" have basically optimized American
       | excellence, leadership, and its middle class out of existence,
       | and putting the world's democracies in jeopardy.
       | 
       | They benefitted greatly by privatizing and optimizing profits
       | into their pockets, but at the cost of nearly breaking the
       | society onto whom they externalized the costs.
        
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