Russia and China don't invent anything. They steal it from other countries
Yet the capitalist buy their products they produce for resell..
Not for long....
Got another joke?
Why do you waste your time doubting me?....don't you tire of being wrong?...
They will only stop when another nation has cheaper labor costs..No matter what political ideology runs the nation.
There is another way to stop it.
The flood of American companies and jobs leaving America started in the 80s. At the time, they went to Japan.
Before that, companies and jobs stayed in America.
Why? What was different starting in the 80s?
Taxes.
reagan lowered taxes. Before reagan taxes were very high on high wages and salaries. Taxes were high on high profits in business and on unearned income.
When greedy people know they will see most of the money go to taxes if they generate above a certain amount, they don't generate revenues above that certain amount.
Thus companies don't go looking in the rest of the world for the cheapest labor with the least regulations.
The companies can keep the price of their goods and services lower. They can pay their employees a living wage with proper benefits. The list of the benefits of stopping the few at the top from taking all the wealth is just way too long to list.
When lazy stockholders know they will see their unearned income taxed at a high rate, they keep their unearned income at a lower rate thus the company isn't constantly looking for cheap labor and ways to constantly increase stock value.
We can raise taxes on revenues, not profits. We can impose laws that wage heavy fines and taxes on companies that move out of America. We just don't have the politicians who are willing to put America first to enact those laws.
Stupid people don't realize that very few will actually pay those high rates. What those high rates do is control greed. Greedy people won't take high rates of money if they know that most of it will go to the government in taxes.
When you use taxes and regulations to keep greed in check as we used to do until reagan, everyone benefits.