Post #73249
2025-12-17 11:23 UTC
Not just America - all Western countries did.
We made it expensive to manufacture goods due to labour costs and well-meaning but crippling environmental protections and couldn’t compete on price.
Replies (1)
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@Cowbee@lemmy.ml 2025-12-17 11:32
It’s less that and more that as capitalism turns to imperialism, it outsources all it can while trying to maintain a tech monopoly, creating “high value add” industry. The problem is that this “value add” industry doesn’t actually add any more value than other kinds of industry, its just kept as a tech monopoly, but China’s been able to break into that tech monopoly and fight those monopolist prices.