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The export of American Manufacturing Know how has given competing countries a 30 year boost ahead as our competitors. Forget about the unskilled labor intensive jobs that would have gone overseas. We sent manufacturing equipment, we sent people to train maintainance and mchining support people. We did all this for quick boosts of companies bottom lines . Yes , certain corps made 10% more for a while.
the problem is it was like playing monopoly. We sold all our holdings in manufacturing know how for a hand full of quick cash. No matter how much cash you have , if you have no property , you eventually lose in Monopoly. Its the same now. We gave away the greatest American Asset , "American Know How". We put countries that would have taken 30 years to develop their own know how into a position where they manned our machines with low paid laborers. Without us handing then turnkey manufacturing know how , those people would still be painting eyes on plastc snow men.
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