Works like this:
(1) U.S. company comes up with invention.
(2) U.S. company outsources production to other Country (i.e. China).
(3) China company produces product for U.S. company.
(4) China company copies invention product and sells it for less.
(5) U.S. company goes bankrupt as could not compete due to higher taxes and regulations.
(6) China company becomes source of invention product.
(7) China company gets rich.
(8) U.S. company workers go on unemployment.
Works like this:
(1) U.S. company comes up with invention.
(2) U.S. company outsources production to other Country (i.e. China).
(3) China company produces product for U.S. company.
(4) China company copies invention product and sells it for less.
(5) U.S. company goes bankrupt as could not compete due to higher taxes and regulations.
(6) China company becomes source of invention product.
(7) China company gets rich.
(8) U.S. company workers go on unemployment.
Very true.