This is one of the most important problems our planet faces. No large scale state can exist on a flimsy services economy forever. Deindustrialization eliminates the foundation upon which a lot of wealth, a lot of purchasing power has been built. Its only natural for other countries to want to catch up – but it should also be natural for developed countries to preserve and bold upon what they have accomplished. Widespread misery is the alternative. Those companies have all sold their souls in an inhuman race to the bottom. Some will see the signs and abandon their path to doom, many won’t. To us as a society there is only one thing to do – give a price to production in countries that have no will to rise closer to better standards.
By complying with the Chinese government’s political sensitivities at all costs, foreign companies that operate in China give aid to an authoritarian government that tightly controls what information its citizens can consume.