Re: [Salon] Make it in America



I forgot to add, I wonder if CHIPS Act will go the way of Obama's effort to emulate Germany's Fraunhofer -Gesellschaft.

"In February 2014 President Obama launched an initiative proposed in 2012 to establish a National Network for Manufacturing Innovation (NNMI), a public-private technology and manufacturing network modelled on Germany’s Fraunhofer Institutes."
https://www.plasmatreat.com/news/2014/04/chicago-tribune-a-model-for-innovation.html
“A Model for Innovation” – Fraunhofer, a model for a new innovation network in the US
https://www.wsj.com/articles/behind-germanys-success-story-in-manufacturing-1401473946
Behind Germany's Success Story in Manufacturing
Public-Private Research Institutes Drive Exports of High-Tech Manufactured Goods—and Are Model for New U.S. Initiative

Last entry on website was in 2018

https://www.manufacturing.gov/glossary/national-network-manufacturing-innovation
National Network for Manufacturing Innovation

 Heard about that effort lately? I didn't hear anything since Trump became President.


On Wednesday, September 14, 2022 at 03:58:10 PM GMT+5, Mayraj Fahim via Salon <salon@listserve.com> wrote:


I agree American manufacturing must improve.  Clyde mentioned Intel in his post, It appears to have trapped itself  (see article below).
Because of its innovation weakness as result of its trapped position, it has bought up smaller and more nimble companies (one of them was a company a high school classmate was working in. He has over 50 patents (on own and with colleagues). 
Intel can’t even grow profits during a global chip shortage – where did it all go wrong?
IntelL also financialized
How Intel Financialized and Lost Leadership in Semiconductor Fabrication

In my view, US needs to help SMEs more. The publ;ic companies  spend too much in stock buybacks and do not invest in company enough. Te  executives have become self-interested, so much so John Bogle has criticized this "mangerial capitalism". Some years ago I listent ot a garnet presentation by now disceased Clayton Chjristianson of HBS. He also criticed the influence of finance on companies.

Mor recently I read an interesting series of articles about a cluster in New Hampshire -which discussed how financialization has also damaged SMEs.
An article
Rising Asset Bubbles Distort the Industrial Base

Lessons from MPB in Keene, N.H., 1987 to 2003


I think the CHIPS Act's ROI may be less than hope for unless financialization is banned!



On Wednesday, September 14, 2022 at 04:35:02 AM GMT+5, Chas Freeman via Salon <salon@listserve.com> wrote:




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