No. of Recommendations: 4
As for moving supply chains out of China, it's the right thing to do. Plenty of places to set up shop that don't have people ripping off your intellectual property to the extent that it happens in China.
I agree. I would much rather see that work go to Mexico. Mexico will not challenge USian hegemony, but *will* provide better opportunities to the people streaming "el norte". For years, Mexico has been issuing work permits to migrants, hoping they will stay, and build a life in Mexico, but many use those permits to pass through Mexico, to get to the US. Of course, it would be very helpful if Mexico could get it's arms around organized crime.
Oh, on that "ripping off intellectual property", China's rules for foreign companies setting up shop were they needed a Chinese partner, and they had to share their IP, with their partner. As Lenin predicted, the "JCs" were so hot to get at a Billion potential customers, and cheap labor, they were willing to sign off on anything. So, now, the "JCs" are crying a river because the Chinese took the technology the "JCs" gave them, developed it more than the "JCs" did, and are now outcompeting the "JCs".
Steve
