Quote: "Don't be ridiculous, producing more of the products we need in our own country helps us in the long run,"
The problem is people in the US and other western countries are spoiled. They need large bloated unions and huge pensions which in turn raise the price of the local goods. If everything is made locally and there's a penalty for purchasing goods from other countries, there will be no more drive to compete, and the products will become inferior.
Sometimes the western world needs to look at how other countries do business and try to do some reforming. I'm not talking about starting sweatshops, but there are many large companies in China that do *not* have so-called "slave labour" and child workers. There are legitimate companies that must innovate to survive, so they do just that.
There was a time when Japanese cars were inferior and people laughed at them. Now they're outperforming American vehicles and are of a higher quality. I believe Chinese vehicles will be looked at in the same regard in the future.
Companies should not be rewarded for being bloated and inefficient. They need to go out of business, period. In the country of Jensen there would be no government buyouts and rewards for not driving innovation
