Chinese Economic demise..Wishful US Thinking?, page-215

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    IMO China is already a generation ahead of the USA
    in manufacturing and global trade.

    The USA sat put for a generation and allowed the Japanese
    and now the Koreans and Chinese to render America's manufacturing hearth
    to degrade to a Rustbelt simply because the US Government delegates
    manufacturing to its "Multinationals" and its "Multinationals responded
    by shifting manufacturing offshore to the cheapest jurisdiction , then flogging
    the resultant goods and services to the highest revenue generating jurisdictions
    including the USA and then squirrelling the profits away in tax offshore havens.

    While their spruikers lauded freedom, democracy and the American Way, America died.
    Silicon Valley was supposed to replace manufacturing vis Patent Royalties/IP but of course
    that wealth was narrowly distributed with the lions share bunged offshore in Taxhavens.

    So in summary , the American Government failed to plan and deligated that to the Multinationals
    and of course we now have a hollowed out America hoping that a a bunch of Billionaires (Oligarchs)
    can Make America Great Again!!
 
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