1. While China does engage in industrial espionage, they have also learned from being contract manufacturers. I’m very uncomfortable with the “how dare my unski

1. While China does engage in industrial espionage, they have also learned from being contract manufacturers. I’m very uncomfortable with the “how dare my unskilled labor learn from what I pay them to do and become skilled” part of this meme. 2. I don’t think anyone could seriously look at the US and worry that we might not be able to make enough military hardware. What country makes more weapons than the US? 3. The US auto industry is somewhere between dead and absorbed into the globalized auto industry. Their cost structure can’t compete and the US’ cratering international reputation means exports are falling and China has growth opportunities. Where I do agree with you is that there’s no reason to panic. All of these things are just fine.