Quote:
Originally Posted by redpoint5
I'm fine with globalism so long as all eggs aren't in a single communist country. If there were multiple countries producing the same type of good, that creates a bit of resiliency.
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That's why it's quite upsetting that so many multinational corporations set some joint-ventures with high-rank Chinese communist party officials to outsource manufacturing, instead of setting plants in more countries not only across Asia but also Latin America or even Africa. GM for instance, went away from Thailand, India and South Africa. That joint-venture model implemented in China only favored the predatory industrial policy of the Chinese dictatorship, not only through its dumping which prevented other countries from having a stronger industrial output (including strategic industries) but also impacted other countries which used to have a much greater industrial development.