I'm perfectly happy with that, although I think it is oversold and used as an excuse in many cases. So long as the productive capacity, intellectual property and knock on effects are kept domestic, good.

Have you heard of comparative advantage? It may not be advantageous for the U.S. to keep such things domestic; instead the intellectual property may be better utilized in China.

I took two years of economics indoctrination at Cal. Yes, I'm aware of the theory.

Suffice to say, I no longer believe that ceteris is paribus.

Why?

Watching the asian economies thrive with mercantilist practices, learning about America's early mercantilist practices, and reading Vox Day, John C. Médaille and Steve Keen on the matter.