First real penetration of foreign machine tools came in the 19 seventies with imported machines from japan. It took less than a decade for a fourth of the market to get cornered by foreigners. Domestic producers willingly sold them out, and for their own gain, their own profit,. Imports surpassed domestic production for the first time in 19 99. And i think that is why albert sort of regards the golden ra as ending in the year two thousand - because after that, it's u in such incredible decline.
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The modern world is an integrated system of almost unfathomable complexity, built upon sub systems, technologies, people and practices that if partially removed or neglected sufficiently, result in disastrous supply chain break downs as witnessed in wartime or as the world seized up in response to an over-hyped flu virus in 2020. One of the industries at the heart of the manufacturing economy is the machine tool industry, responsible for “building the machines that build the machines” – mills, lathes, planers, presses, etc. that produce the metal products such as cars, airplanes and household appliances. Without these industrial tools, production would be relegated to hand tools or worse, and for national security reasons is arguably a strategic industry to be protected. As with most things in modern America, however, what is sensible and what is reality is at odds, with the machine tool industry witnessing a global market share decline of number one in the world at around 20% in 1981 to less than 5% today.
