China’s only asset that allows it to dictate such a conclusion is its vast population thats part of the labour force. Thats also an asset shared my many other countries in Asia which combined would have a population size much larger then China itself. I have traveled across 3 continents especially allover Asia and know from personal experience that wage rates in many countries are far lower then China. China has other advantages in its favour that keeps those industries there.
Some of China’s advantages can be replicated if those countries do the right thing.
Either way you look at it, those industries are not coming back home to US cuz American wage rates and dollar (currency) value together still puts US out of competition “globalism” or not. And government protection for those industries would make it even more costlier. Thats the reality. The least the US can do is outsource elsewhere or buy goods from elsewhere other then China. If not China the somewhere else. Labour resource is in abundant supply in Asia.
And the sky is green. Get real.
The cost of importing can be made prohibitive. Your "cost-universe" is particularly a function of Chinese Communist guns and batons aimed at their own hostages. Their populace. And their wages are the world beaters. Your so-called three continent experience is not particularly believable. As the wages in all the Pacific tigers easily are higher than China's. India for example is not as cheap as China.
Sure there are other cost factors besides wages. China also SUBSIDIZES its exports. And subsidizes inducements for the outsourcers to prefer them. But once again, none of that is free trade. That is governmental manipulation from the get-go.
Either way you look at it, those industries are not coming back home to US
So long as sell-outs run things, you're right. I aim to change that.