I totally agree with ur assessment of the past!
Many people warned our corporate leaders, including our politicians, that from a strategic point of view the trading concept was flawed.
I also blaming our current generation of Economists for this debacle. Their concept of "why produce something if others can do it cheaper".
We have lost a lot skills because of outsourcing to oversea countries.
China has outsmarted our businesses leaders, who were prepared to divulge our technology advantages, simply, due to their greed for cheap labour!
If this stupidity didn’t happen China should be at least 10 years backwards and not a threat to the rest of the world .
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