If I don’t buy my crap made in China from WM, where will buy it? Is there a difference if it is made in China or Vietnam or India?
The bottom line is we don’t make much of anything any more.
It makes a big difference.
Every time we purchase something from one of these, or any other country, that is wealth being transferred out of the US to that country.
That trade deficit we have with China is money they use to build up their military, conduct research, etc.
That is money, if it were to stay here, that we could use for the same reasons. Plus, it creates jobs. Jobs mean money and help with wealth creation.
As we out-source our ability to manufacture the technical knowledge required for that goes as well.
Those countries learn (steal) our technical abilities.
China and India are robbing us blind.
We will begin to lose that technical knowledge.
I agree our manufacturing is declining.
The questions to ask are why and who benefits?
Plenty of stuff is made in the US if one bothers looking and have the will to pay a little more to keep funds in-country. It’s getting better all the time.