That wouldn't have happened if industry had been kept here in the first place.
World trade is good
But like anything, if taken to the extreme it is destructive.
It started with just a little local outsourcing
Then became an industry in itself, led by consultants and money men.
They searched the world for the most easily to be exploited.
The made fortunes by asset stripping American business who could no longer compete.
However little did they know that first Japan, Then Korea and vietnam Taiwan and later China and many other south east asian countries would take technology and manufacturing to another level.
In the meantime the education training and skills of the American People along with their jobs and workplaces had rusted and faded away. The American way of life based on skill and hard work was gone. And no one of importance cared, they were still making money.
In the meantime time along with the jobs and factories,, an even more precious thing had taken root in the east. And that was research and development led by the now largest and highly educated work force in the world.
Along the Way, China had abandoned its communist face and embraced it's own form of capitalism.
And in the last forty years, has come from nowhere to be the arguably largest industrial and technological base in the world and the second largest economy.
Some people in the west are still fooled into thinking that China. Is still a backward nation making shoddy cheap goods. But the truth is that in very many fields they now lead the world and are rapidly catching up in others. They have the most complete supply chains in the world.
Everything is not lost for America, but the position as future world leaders probably is.
Their future is undoubtedly in cooperation with China, not in trying to obstruct it or in trade war with it.
America can not match the Chinese infrastructure or its supply of highly educated workers.
it musts divert its energy and money into rebuilding the things that matter, education, infrastructure, high tech manufacturing, and research. It probably still has the ability to partner with China but it will been a long road to get anywhere near equalling them again. It can not do so by rebuilding the past. It must embrace the new hightec manufacturing world and build its supply chains from scratch.
However there is the real possibility that the American capitalist system is not up to the task as it lacks the cooperative spirit. So apparent in thee East.
