This is from someone that has observed Shenzen. A location where much is made in garage sized factories (usually literally a garage space at ground level where people will bang out products by hand). You might not expect a bespoke 2 ton electric train engine to be made in a series of garages but it really is. One lot of workers will be experts at winding coils. They'll have a rig that spins and a spool of copper to w…
I admire Chinese industry quite a bit myself, though I haven't yet completed my pilgrimage to Shenzhen. Just a quick clarification about the healthcare plans, though. As a single-person LLC I'm able to get a non-fancy Kaiser Permanente plan here in SF. It's not super cheap or anything but it's there.
Of course the US still biases towards megacorps who get to do things like distribute dividends taxed at capital gains rates instead of ordinary income like sole proprietorships.