Earlier quoted context omitted.
Yes - because manufacturing in the West is ultimately self-defeating. Success breeds complacency and labor unrest. This isn't just a China-thing (I have no idea what your Potemkin regulation is or why you would mix those metaphors). When Westerners see an absurdly profitable company, they think, "why aren't they paying their employees more??!" and start a union to parasitize earnings. When Asians (including the Japan…
> Yes - because manufacturing in the West is ultimately self-defeating. It's much more to do with the steadily increasing complexity of products due to humanity having become very much a global species with heavy interdependence. Look around the room you are sitting in: There will be items in it manufactured all over the world, from components also coming from all over the world. That's not only how we manage to make…
> The idea that a single country could emulate that, in complete isolation, is bluntly said childish.
Who is this “single country” straw man you are referring to? The western world is comprised of 50+ nations with over $40 trillion in GDP.