Our society values secular politics and secular capitalism. This has not changed significantly over time and are components of carburetor that feeds our social engine. What has changed is that the engine works best when the same people that value this secularism in these societal components also value their own individualism and hold dear a compassionate, charitable, humanist belief system.
The boomer generation ridiculed and demonized the traditional sources of that belief system, choosing instead either an "if it feels good, do it" system on one extreme or a collectivist, secularist, extortionist system "for the common good" (or "for the children") system. Both belief systems choke the air intake of the social engine.
I think that's what I find troubling in the protectionist and socialistic posts that often appear in these threads.
Anyhow the new products would be sent to India because the labor is much cheaper there.
No, the products may be manufactured there, but the entrepreneur and perhaps employer would remain here. The products would also likely be sold here as well as elsewhere.
Why would they remain here? As society collapses from higher and higher welfare rates and unemployment rates --- why not move to where the people in the society are productive and working? If a town had 1,000 factory workers and 1 factory owner, with the factory owner getting very wealthy by having the cheapest labor possible, the 1,000 will need to be supported by welfare programs. That won't lead to a stable society.
Sorry OC. That is fuzzy wishful thinking...more akin to liberalism than any brand of conservatism.There is absolutely no reason, once they get into the outsourcing addiction for the 'entrepreneur' to remain an employer here. Use your own logic. It is just not cost-effective. Particularly after they have proved their outsourcing model to produce superior returns. Not when you can pay 27 cents an hour in China.
Plus, besides the cognitively self-decieving rationalizations, they suddenly transform the supply chain for their production into an increasingly more competitive one that prevents them from exercising any economic discretion on their future production plans.
They are trapped into the vortex of Chinese low-cost labor. Once they set up a trained work force in the China and Indian regions, guess what else you have defacto set up? That's right. Your next competitor...one who can flout the Chinese labor laws with impunity...and undercut you.
Once the 'partners' you have had to work with feel sufficiently confident they have learned from you all proprietary info they need to, (with regard to product manufacture or systems development, and client lists, etc...) then they set up their own independent entity duplicating...and competing with your company for your own business. Totally disregarding and evading the contractual non-compete provisions, and the intellectual property rights you are entitled to. Intellectual property rights BTW Which they (and all their fellow nationals) deem an unfair infringement on their 'right to compete.' Hello. End of true capitalism, by virtue of handing the entire means of production to those who are essentially lawless and implicitly reject our system and laws.
And have I mentioned before that China is ruled by unrepentant hard-core communists? And India by dyed-in-the-wool redistributionist Third World socialists? Amazing how the capitalists in the West have become so short-term thinking, and so short-sighted, they can't see the 'New Economic Program' of Russia, circa 1925-1930 being reprised here....on an even grander scale. Historical Note: By sucking the West dry of a lot heavy capital, and then nationalizing it...it helped precipitate and deepen the Great Depression.
Why should they remain? Did they remain in the imperial Spain where the domestic production was outsourced to be paid by the colonial gold? You indulge in wishful thinking.