So they move their manufacturing to Vietnam. But what happens when they run out of other peoples ideas to steal? What happens when they no longer get the plans to manufacture other people’s products?
And therein, lies the rub. I don’t own a business, so I don’t know what it’s like to have some Chinese businessman or conglomerate approach me and offer an insane amount of money for it and all the intellectual material with it. I’m sure, if you’re a start up or just reinvented the mousetrap and someone offers you enough to walk away, to live your life the way you want to and have everyday be Saturday, it’s more than a little enticing. But, that is one of the reasons we’re in the mess we’re in with them. Not only did they start gobbling up businesses and move the manufacturing back to China, they got tons and tons of ideas and R&D in the process.
Years ago they were making sheetrock. Well their product absolutely sucked because all they do is cut corners in the process to increase their profits. Anyone on here that was in the construction business in 95-96ish should remember there being a shortage of sheetrock and you had to order it, to the sheet because it was so hard to get. Builders were ordering the stuff months in advance, with very little left to spare.
And if I’m not mistaken, it was their really crappy PVC pipes, when builders started using that instead of copper. Entire homes were flooded and destroyed because of their cheaply made crap.
I recently replaced the motor on a pool pump, $150. The lady told me to expect it to last for 3-4 years. I asked why. “Because it’s that crap made in China that’s made to last that long and it’s more worthwhile to buy a new one than it is to have it rebuilt”.
Fixed it.