[lelio]

If it cost nothing to set up shop in India then, by definition, zero US capital investment would flow to India.

Yep, that got a chuckle from me as well. What if China builds the plant for you through their communist system? You've invested nothing and the Cato institute doesn't think it counts.

Odd that the author doesn't mention trade deficits which is what people are concerned about.

[LibertyAndJusticeForAll]

Besides not directly saying "trade deficits", there is no mention of OPIC, stolen intellectual property, national security risks, the 40% devaluation of the Yuan, the flooding of the market with cheap goods to dry up U.S. manufacturing, the tariffs that China applies, the slave labor that China uses, and the obvious fact that this is not a "free" market. It is a very manipulated market.
This article does not really try to "fairly" argue with Paul Craig Roberts ideas. Rather it comes across as a sort of emotional tirade against reality. And, the reality is that our economy is in trouble.