There’s a neat discussion about the capital inflows into the U.S. and the loss of manufacturing jobs. It’s in Slate, written by Dan Gross. Key point: if Chinese have lower labor costs, and we are better at investing (managing money, plus a location with rule-of-law, protection of property, etc.) then we’ll attract capital and outsource our manufacturing.
Thanks to Barry Ritholtz’s The Big Picture blog for the link.