What would happen if America was self-sufficient?

Question

Meaning that there would be no outsourcing of busniess, manufacturing, ect. All goods would be made, processed and sold within the US. Would America be better off?

Answer 1

Yes we would, however we don't have all the resources and many of the companys are now multi national!

I'd buy it, but business won't! They might actually have to pay people to work! One half of people working in this country make between $5,000 and $30,000 a year!

Answer 2

Well, the value of the American dollar would sure go up, but I don't think we would be better off at all. Certain things we need are better off being made in other countries ( in no way am I supporting any sort of sweat shop ). And the Cost of living would skyrocket. However, we should still buy American when possible to help OUR economy. We should also take it down a notch on foreign goods, but not cut them completely off.

Answer 3

No, America would NOT be better off.

First, we would experience price increases for goods and services. Services, such as computer programming and call centers, would have to be provided by Americans, who would demand much higher wages. Manufactured goods would also see steep increases in price, due to increased manufacturing costs, as again, workers would demand higher wages.

We would also not be able to take advantage of specialized economies outside our borders. For example, oil. Oil is produced far cheaper, and in greater quantities, than we could produce it here at home. Without the ability to buy it from other countries, we'd have to drill in ANWR and the Gulf of Mexico, which would really piss off the ecoweenies.

More importantly, the domestic beer market, without competition from great foreign breweries, would charge higher prices for a more watered down product.

Answer 4

America would be less prosperous.

English economist David Ricardo was the first expostulator of "The Law of Comparative Advantage." For instance, if the Japanese are more efficient at producing steel, then the less-efficient American steel producers will be put out of business. This isn't necessarily a bad thing for American industry. Instead, we would shift our resources toward making cheaper cars, refrigerators, washing machines, tractors, etc. with the less expensive Japanese steel.

Answer 5

there is an ocean of oil under Colorado that competitors Saudi Arabia. we've not even scratched the exterior of what's geared up in Alaska. putting fossil fuels aside, The North West might desire to be thoroughly reliant on geothermal in a count of months in case you took politics far off from the grid and made the dedication. The south west might desire to do an identical with photograph voltaic. The coasts might desire to do it with wave potential. The heartland has countless wind. that's in basic terms a count of pulling the set off and being responsible with regard to the maintenance and allocation of the potential grid so it would desire to settle for additonal materials of potential. precise now it may no longer. that's approximately to fail. the only reason it hasn't is the shortcoming of use with the help of the business sector because of financial down-turn and outsourcing. right this is the priority. Our banks are owed extensive quantities of money from companies and international places that are in keeping with Petro money. purely the point out of an all out committment to extra drilling and or possibilities with the help of between the international's greatest clientele of oil might make all of them fail. Then what?

Answer 6

America will become a "recycling nation" to be self-sufficient and live in modern high tech living. I don't think it will reach that stage yet. It will be like a "self-sufficient space colony"on earth.

Answer 7

it would be better to do away with federal income tax and increase import tariffs. This would increase job in America and the American people would have more money to spend on America made products.

Answer 8

Since that is not possible in today's world, the question is moot. We WOULD be better off if we were less reliant on unstable countries for so much of our energy needs.

Answer 9

No. We are in a different paradigm. We are in the information age, not the manufacturing age anymore.

We need to fix the tax system in this country to do this.

Your whole premise is not feasible.

Answer 10

No country is self-sufficient. Then you have to think about trade. We need to trade for certain resources that we don't have in our country. Trade also helps with relations with other countries.