When you argue with a leftist about ‘socialism’, they claim that we aren’t a socialist nation because the government doesn’t own the means of production. My answer is always, ‘The government doesn’t need to ‘own’ property when they can control it through regulation and taxation.’
(Actually, we’re operating under ‘Corporatism’ as Mussolini defined it.)
It’s cheaper for companies to operate in China for a reason. The main cost of manufacturing is labor. The Chi-coms offer slave labor and hellish living conditions for factory workers.