RE Yves Smith.
Even the tariff scare of the 70s and 80s, when they built plants here and there, and later, was mainly a purely politically motivated feint, as they already knew, basically, both the Germans and the Japanese and others, that no real developmental protection (the only kind worth keeping in place), or any corresponding large scale renewed industrial or technological innovation, would, or could, emerge here, anyway.
Reading Lester Thurow, The Zero Sum Society, 1980, he pointed out, that we had protection, but not innovation.
In truth, we had largely faux protection, sans developmental or redevelopmental innovation, in certain limited areas, for a limited period, quickly swept away shortly thereafter.
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