we need to tolerate higher price inflation baseline in America and the West to reindustrialize to be honest.
overlaying capital expenditure (after years of neglect in reinvestment), in anticipation of future productivity dividends is price inflationary.
basic economic empiricism. unavoidable.
to be clear it was precisely due to spending in industrial capex ahead of future productivity that drove price inflation in urban China so high in the 1980s, leading to widesrpead urban discontent, culminating with high profile CIA/NED sponsored regime change student protests. fyi in the countryside where farmers were, communities were less affected as price inflation helped them make profits from productivity in producing surplus food.
thus all the more important for the population and wall street to be conditioned into accepting the new normal inflation and avoid China 1980s level urban discontent.