Provocative or Thought Provoking? David Siegel on American Manufacturing

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 "Successful global companies…research, understand, and design products geared to fulfill unmet local needs."
David Siegel, Co-Chairman Two Sigma Investments

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David Siegel is Co-Chairman of the hedge fund, Two Sigma Investments. He recently wrote an op-ed piece,"Innovation, Not Protectionism, Will Help Save U.S. Manufacturing", that I found to be thought provoking. It largely blames neither foreign competition nor automation but rather American business leaders for the loss of manufacturing jobs. Below are some quotes that I particularly found interesting. What do you think of his point of view?

"We will never increase our exports of manufactured goods—and support American employment—unless companies truly commit to making products that customers at home and abroad actually want."

"The qualities that have driven US economic growth and job creation in the past–creativity, risk taking, and innovation–are what will actually help rekindle demand for US-made products overseas…"

 "Those supporting increased trade barriers often couch it in terms of “leveling the playing field.”…My sense is that some simply hope to make it easier for U.S. companies to compete in the global marketplace with inferior products or insufficient effort."

"Successful global companies…research, understand, and design products geared to fulfill unmet local needs."

"The only way for American manufacturers to succeed is through an uncompromising commitment to innovation."

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