Earlier quoted context omitted.
An example closer to home, though perhaps not as stark, is the loss of expertise in various industries that have been outsourced. The US is a good example. This is one (of many) arguments against outsourcing your industry just because it's cheaper and increases the profits of the outsourcing company. The tradition and culture that allows a certain industry to flourish is interrupted and destroyed and rebuilding that…
Yup, this is a massive strategic blunder of historical scale. While the US and western countries are asleep at the switch and think that they are exploiting cheap Chinese labor, the Chinese have a 100- and 500- year plan and are exploiting our myopia for short-term profits to gain manufacturing expertise and military advantage. It may not be too late to reverse, but it is close. It is really the result of not thinkin…
There's a tendency in the West to airbrush history, and pretend that the opening to China was just a result of business lobbies. There was an intentional policy decision based on 'liberalization through trade' theory, which managed to be one of the most disastrous theories out there (far more disastrous than 2000-era US WoT policies). This was pushed by politicians and academics, and up until the oughts businesses were more reacting to the policy as creating it.