[unclebilly]

I think we’ve all heard (and possibly observed) the Walmart analogy where Walmart set up shop in a small town, local hardware stores, clothing stores, grocery stores can’t compete and go out of business. Walmart raises prices and town sorta dies...

Is low cost Chinese manufacturing doing this to the world?

With so many inexpensive consumer and commercial grade goods being manufactured in China, many traditional manufacturers can no longer compete and are losing market share or folding up shop.

Is this part of a greater scheme to create dependence on China for all global manufacturing at which point cheap Chinese goods won’t be so cheap anymore? At this point, it will be difficult to spool up local manufacturing again due to lost abilities.

What say the collective brain?