The downside is, accidents can be of startling proportions.
The downside is, accidents can be of startling proportions.
I do believe that long-term, probably in our lifetime, this balance will shift; China's economy (and with it, wages and cost of living) is and has been booming for decades, and the US's wages (slash minimum wage) have been static for just as long. I suspect this is why China is investing a lot in infrastructure internationally; I think we'll see Africa become a big player in manufacturing, sponsored and financed by China.
To me it seems to be an er, interesting kind of economic / capitalist colonialism, something not done by force but by incentives (loans to pay for it, people to build it, forfeiture of the infrastructure if the loan cannot be paid back).
I completely agree though that the label "Made in Japan" isn't present. In fact, if I remember correctly, "Made in $Country" labels are an import requirement that may in fact be a form of protectionism? I'm sure the argument could be made either way.