Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
That's true no matter where you go. For example, in the past 25 years the cost of labor in China has increased 14 fold while productivity has only increased 5 fold. The Chinese economic imperative of bodies employed over productivity is beginning to bite them in the ass already. Most of the garment industry has already moved to Vietnam, China is left with the fabric weaving and dyeing now. Electronics assembly is moving to Thailand and Mexico. China has been left with the modern equivalent of manufacturing wind up toys made of tin. As far as 'Nationalization' goes, even China learned from observation that that was the path to economic ruin.You name countries that would allow a developing middle class which would demand higher wage growth.
Additionally, we would have to supply the capital, which which quickly be nationalized in at least half of those countries.
I.e., we've tried South America before...