Preface Introduction Reshoring is a SMART Goal Content Overview Chapter 1. Wages, Productivity, and Inflation Money is Not Value or Utility Money Debasement, Then and Now Even Precious Metals Often Lack Genuine Utility Weimar Wastepaper and Cryptocurrency Money Supply and Velocity, and the Equation of Exchange Deficit Spending and Inflation Productivity Counteracts Inflation and Pays Down the Deficit. Revenue Must Also Balance Profits and Costs of Production Waste is Inflationary We Must Produce Our Way Out of the National Debt Chapter 2. Loss of Manufacturing Equals National Decline National Prosperity Comes from Adding Value to Raw Materials Be at the Top of the Food Chain Raw Materials are Fleeting; Manufacturing Endures The Danger of Manufacturing Inferiority The United States' Response: Lean Manufacturing Emerson's Twelve Principles The Leaders of the American Response to Japanese Organization Industrial Power Equals Military Power Pre-Agricultural Warfare Modern Warfare as a Product of Agriculture The Rise of the Military-Industrial Complex Lepanto (1571) and the Spanish Armada (1588) The American Civil War The First World War The Second World War Manufacturing an End to War Cooperation is Natural, and Conflict is Dysfunctional War Was Once a Private Affair Between Absolute Monarchs War in the Industrial Era Application to National Social Problems The Collapse of American Shipbuilding and Maritime Commerce Summary Chapter 3. The PRC is a Dangerous Geopolitical Rival The PRC's Threats to American Supply Chains The Chinese Communists Lobbied Against Legislation to Promote US Chip Manufacture Counterfeit and Substandard Products Failure Mode Effects Analysis Perspective Dangerous Pet Toys and Pet Foods Counterfeit Fasteners in Aerospace and Construction Counterfeit PRC Medications Threaten U.S. Supply Chains Substandard Respirators for Covid-19 Protection General Supply Chain Risks Semiconductor and Automotive Supply Chains Other Supply Chain Problems Summary Chapter 4. Cheap Labor is a Dangerous Illusion Meet the High-Priced Workers High-Priced Workers and Standards High-Priced Soldiers are Cheaper than Cheap Soldiers Gideon and his 300 "High Priced Men" Cheap Labor is Costly What About Piece Work? Can We Compete with PRC Automation? Near Common Sense versus Supernal Common Sense Financial Metrics: the Road to Ruin Be Careful What You Wish; You Might Get It How Dysfunctional Metrics Brought Down W.T. Grant Unsaleable Inventory and the Laxian Key Marginal Revenues, Costs, and Profits, and Sunk Costs Transfer Pricing Traps How to Outsource Manufacturing at a Loss Dysfunctional Purchasing Incentives Total Cost of Ownership (TCO) and Toyota's Seven Wastes Waste in Trucking Hurts Drivers and Makes Just-in-Time Impossible Book Value is Not Real Value Costs of Foregone Opportunities Slavery, Robot, and Corvée as Free Labor Aristotle Predicted that Automation Would Abolish Slavery The Suez Canal; Late and Overpriced with Free Labor Automation Eradicates Slavery and Cheap Labor False Economy of Cheap Equipment and Training Low Wages Indicate Low Profits and High Prices Lose the Luddites Shoe Manufacture: A Case Study The Ford Motor Company, Early Twenty-First Century Self-Service Kiosks Longshoremen versus Bar Code Scanners Luddism and Mechanical Power Don't Prove the Luddites Right Summary Chapter 5. We Can Do It! Think Like a Greek Learning from Hercules Learn from Everything You Encounter Break Paradigms and Think Around Problems Our Legacy from Alexander the Great (and Henry Ford) When Education is Dangerous The Basic Principles Efficiency Makes the Per-Unit Labor Cost Negligible Friction and Opportunity Costs Taylor's "Improved" Pig Iron Handling Still Shows Enormous Waste Gap Analysis More About Friction Modern Depictions of Friction The Value-Adding "Bang!" Friction, Motion Efficiency, and Standard Work Interrupted Thread Fasteners Japanese Disposable Gowns Fruit Harvesting Shoveling Brick Laying and Roofing Floor Tiles, Sidewalks, and Safety Tape Marking Standard Work Standards are Documented Use the Standard to Identify Improvement Opportunities Elements of Standard Work The Job Breakdown Sheet Opportunity Costs Textiles and Cotton Opportunity Costs in Agriculture Opportunity Costs in Fruit Harvesting Pay Attention to Materials and Energy The Material and Energy Balance Material and Energy Review Hunt the Coal Thief Paint Parts, Not Air Fertilize Crops, Not Groundwater Baptize Converts, Not Parts Raise Meat, Not Animals Dye the Yarn, Not the Water Sell the Coal Chemicals, Don't Burn Them Light the Streets, Not the Sky Ship Product, Not Air Avoid Wasteful Overhead Expensive Cities Add Costs Educate the American Consumer to Buy Value and Not Waste Don't Buy Indulgences or the Emperor's New Clothes Extended Warranties Advertising Celebrity Endorsements and Brand Names Cryptocurrencies Private Versus Public Universities Summary Conclusion Bibliography
