Comment by Fischgericht

For most industries: No, you aren't. The limiting factor mostly is natural resources. Which is what the articles author is complaining about. "I am not allowed to use up the last drops of drinking water California still has! SOCIALISM!".

And the other limiting factor is knowledge/education. Your region has been known for 100 years to be highly skilled at building $THING? That knowledge is still there and has not fully retired? That's also a resource.

"High labor cost" is a smoke screen. We are not talking about acquiring from a pool of lazy dancing monkeys. The labor you need are for tasks that machines can not yet do. Those jobs are either really shitty, or need a lot of qualification.

Due to this: If you want to build a factory in an area where there aren't already similar factories, you first need to build a University and come back 25 years later.

The articles author should next try to build a business based on offering camel riding in Greenland. Camel riding? Banned in Greenland!!!1