China is what Japan was in the 80’s... Everybody feared they were taking over the world...
And regarding taxation and regulation, you have no idea what you are talking about. My guess, and its just a guess, is that you have never operated a real business in this country and have no idea what it costs to comply with all the regulations/taxes.
Japan was communist and taxed their firms 90%? Reagan got tough on trade and made Japan produce their cars in the U.S.. You conveniently forgot that didn't you?
"My guess, and its just a guess, is that you have never operated a real business in this country and have no idea what it costs to comply with all the regulations/taxes."
Well that's the worst guess ever. Yes, I owned and operated a Medical firm for 3 years with over $1 million in revenues. And I was acting CFO for another firm. We had a lot more regulations that most firms.
The truth about most regulations is that while they are a pain, and everyone complains about them. They aren't that costly. And most of them aren't going away no matter what.
Once you have a procedure in place, software takes care of a lot of them.
Again, you could eliminate them all and eliminate all taxes and you aren't going to compete with $2/day labor.