Comment by dluan
5 hours ago
I'm old enough to have seen this shift happen first hand. I remember the language being used in the early 90s when US-China relations were great, with evening news clips of smiling Bill Clinton and Jiang Zemin yukking it up as hundreds of thousands of jobs were offshored to China to American politicians and industrialists delight.
Did people in America and the rest of the developed world not delight in lower priced goods? Surely businesses were incentivized to reduce their costs without regard to what politicians want, because it is a business. And consumers are incentivized to reduce their costs, because they want to consume.