Factory fondness: the misguided promise of manufacturing

迷恋制造业

Editor's Picks from The Economist

2025-06-16

11 分钟
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A handpicked article read aloud from the latest issue of The Economist. Globally, governments are making promises of a return to homegrown manufacturing. The hope is that such reinvigoration would bring jobs and national strength. The reality is that it is unlikely to do either. Listen to what matters most, from global politics and business to science and technology—subscribe to Economist Podcasts+.
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  • Hello, Mike Bird here, co-host of Money Talks,

  • our weekly podcast on markets,

  • the economy and business.

  • Welcome to Editor's Picks.

  • We've chosen an article from the latest edition of The Economist,

  • which we very much hope you'll enjoy.

  • Trumpian types are unanimous.

  • America needs factories.

  • The president describes

  • how workers have watched in anguish as foreign leaders have stolen our jobs,

  • foreign cheaters have ransacked our factories,

  • and foreign scavengers have torn apart our once beautiful American dream.

  • Peter Navarro, his trade adviser,

  • says that tariffs will fill up all of the half-empty factories.

  • Howard Lucknick, the Commerce Secretary,

  • offers the most cartoonish pitch of all.

  • the army of millions and millions of human beings

  • screwing in little screws to make iPhones,

  • that kind of thing is going to come to America.

  • For years, politicians and some economists have linked manufacturing's