Germany, too. has factories in other countries, but that doesn't prevent German workers from making much better wages than Americans. And their companies are thriving.
Tariffs and duties you say? That would cause us to be even more non-competitive in the global economy and would (and has) led to World Wars.
Before Reagan's presidency there were 25% tariff taxes on imports from China if the products came from American-owned factories over there. The Reagan administration saw to it that those taxes were reduced to something like 2% and as a result the great exodus of US factories and well-paid factory jobs began. The point is, however, that there were no world wars caused by high tariff taxes before Reagan's presidency.
Also, when you protect American jobs and wages through regulation, you are taking jobs away from millions of other global citizens. If you take away the profit motive from companies and people who invest, there will be no companies developing the technologies required to support 5 Billion people on the planet.
Ever more industrialization and economic growth is not the answer. Ever more education is the answer. When women receive good educations and jobs that pay a living wage, as well as easy access to birth control, they automatically develop priorities other than having children, and almost always choose to have fewer than 2 children each. No country in the world that has ever provided these things to all their women has any kind of population problem. If anything, their population is shrinking. Kerala, India provides a good example. Their population is not increasing, largely because their girls receive good educations and their women have equal access to jobs and income. And there are no American owned factories in Kerala.
Without technology, 2/3rds of the world's population probably dies back to population levels pre industrial revolution.
No one in this discussion is saying that we should abandon technology.
Actually it's the 1% that invests in and drives the capabilities to feed, clothe and shelter the 2-3 Billion extra people the word is currently supporting.
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