Most people don't use offshoring at all, and for those who do, it is not extremely likely that it is a hedge against the insolvency of (say) the US government,

Most people don't use offshoring at all, and for those who do, it is not extremely likely that it is a hedge against the insolvency of (say) the US government, or fear of being busted for marijuana (for example, large companies like Google move money around mostly just to save on taxes). Your linked article draws the comparison between regulating unpasteurized milk and Nazi Germany, which seems not completely even-handed.