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You can chase cheap labor and take advantage of poor environmental oversight but it will all even out in the longer term - manufacturing companies that totally forsake manufacturing in the local/domestic markets are going to have problems when costs in developing economies rise - both financial and political.

Also as our infrastucture deteriorates how are we going to keep getting goods through the ports, highways and railways? One incident in LA (terrorism, strikes) and supply lines come crashing down.

yes it will be interesting to follow how all this is going to shake out.

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