alt Hacker NewsThe price signals drove the move away, it's quite simple. Energy, labor, pollution tolerance, legal costs and economies of scale said to go elsewhere.
Some said that these price signals only make sense if globalisation lasts forever, but their remarks were dismissed as depressing.
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FuckButtons • today at 6:50 PM
short term profit over long term thinking - because no one in the system is incentivized towards long term thinking. The counter balance should in theory sit within the remit of politics, but even senators can be bought and few are far sighted enough to realize the consequences of incremental deindustrialization.
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Problem is nobody knows the future. XI didn't come into power until 2012 - until then China was moving slowly in the right direction (that is more open and free), so moves of those things there there seemed to encourage that. However XI has consolidated power and put a break on moving in the right direction and now we need to react.
I have no idea who will move what way in the future so I can only guess what we will regret in 10 years. However I must act on the world as I know it lest things get worse. (what makes things worse is open for debate)