[FredPret]

Of course it’s working. It’s just not done yet. How else did the US and EU lines turn sharply down in the mid 2000’s? Outsourcing to China has been going on for decades prior.

Now people have caught on to the fact that we need locally made things. There’s a huge push among my peers for things that are Made in USA or Made in Canada, and food grown within 100 miles, and things that are durable vs things that are plastic. My colleagues who work in manufacturing automation cannot keep up with the insane demand for onshoring production. I’m talking about everyday objects, but to further illustrate the idea: which car brand is currently the coolest, and why, and where is it made?

All of this is just here - remember they have a sort-of-free market in China. Once they reach the GDP per capita where most people care about such things as the environment, the same dynamic will play out there.

I agree that we should price in externalities though.