Very important point - China being able to start industry was just a happy coincidence - what really happened is that progs killed US industry with no plan to move it at all. If we cut off trade with China and think this is all fixed we have rude awakening in store.
Have property rights as secure in China - it's a bitter pill but markets will show you the actual value of labor and it's usually lower than what you can vote yourself by holding your employer's property hostage. The end game was always closing manufacturing down.
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You say that like the US doesn't have state banking. Open a factory in China and you have to give a cut to a CCP member. Open one in the US and you have to give cuts to unions, regulators, town councils, etc. None of them care if they over-extract b/c of tragedy of the commons.
End of conversation
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