https://news.ycombinator.com/item?id=39044586 (“What Happened to the US Machine Tool Industry?”)

https://parallelventures.com/the-decline-of-u-s-precision-ma...

https://www.amazon.com/When-machine-stopped-cautionary-indus...

Read a great book on this in college in formative years. Made me pretty depressed about how management/markets can target false equilibrium points.

Markets do not drive efficiency. At least not if chasing quarterly profits drives bad decisions.

"When the machine stopped: A cautionary tale from industrial America"

https://www.amazon.com/When-machine-stopped-cautionary-indus...

Note: referenced in the OPs original article