Well, in the U.S. and Europe people who actually produce something are hindered by bureaucrats and ideologues.
It is no wonder that valuable knowledge moves to Asia.
It is no wonder that valuable knowledge moves to Asia.
The companies like Boeing and Intel are failing because MBAs with no engineering backgrounds completed their coups in the last decade and have purged any engineering promotions in their orgs. They are entirely 100% profit milking companies now.
Not all necessarily outsource to Asia. I think STMicro and Infineon still produce some ARM microcontrollers (microcontrollers; these are not smartphone CPUs) in Europe.