I agree with you rankandfile. My friend worked for Infineon in the Bay Area. They moved to China and will eventually hire 3000 engineers.
I’ve spent some time in China and I can tell you that it’s not the totalitarian, backward, low-cost country that we think it is. The cities of China are modern with all the capabilities that we have here. Remember Korea or Taiwan 20 years ago? China is 10 times bigger than those two.
I don’t know about India or Eastern Europe because I’ve not been there.
If we want to compete in the long run, our politicians better concentrate on important issues such as education, infrastructure, science and technology (rather than prayer in school, abortion, flag burning, immigrant bashing, and war).
We are attracting foreign capital now (which helps lift our standard of living) but there’s no guarantee of that in the future.
