>The first solution is some form of nationalism, where countries enact tariffs and attempt to bring all production back to the country instead of producing it overseas. This will create higher paying jobs for those whose work was previously outsourced to cheaper countries. However, this creates less wealth overall as work is no longer given to where it’s done most efficiently. This breaks the primary component of capitalism.
On the other hand more countries learn to make things more efficiently, instead of relying on the industrial monopoly of a few efficient factory-countries like China, Japan or the US (with which they might even have competing interests).
More efficient product != more efficient society using said product.
On the other hand more countries learn to make things more efficiently, instead of relying on the industrial monopoly of a few efficient factory-countries like China, Japan or the US (with which they might even have competing interests).
More efficient product != more efficient society using said product.