Difficult to understand how people can still think like this. This is complete nonsense. Look around. The USA and Europe are littered with economic ghost towns

Difficult to understand how people can still think like this. This is complete nonsense. Look around. The USA and Europe are littered with economic ghost towns where the disappearance of factories and industry sent the community into an economic death spiral from which they won't ever recover. Simplistic models like this have no bearing on the real world.