The rising middle class in Asia is a market of 3.5 Billion people - our declining middle class in the US is only 350 Million. Who do you think is going to buy more stuff? Where do you think that the market is?
Our multi-national corporatist plutocrats have gamed the system. It is not just that the cost of production is lower over there, it's also where they want to sell stuff. Free Trade Agreements have made this possible, and there are more in the works.
Legislation can be undone. Globalization is not a law of nature. But I’m guessing that even if NAFTA, CAFTA, and every other -AFTA was repealed, these companies have moved on. Those jobs are not coming back. We’ve gone past the tipping point.
The plutocrats used to have a social contract with the American worker. Work hard for us and don't drag us out into the street and tar-and-feather us, and we'll give you enough to live on and something for your retirement. In the age of globalization, the plutocrats have decided they don't need us anymore, and we've been hung out to dry. Eventually, a public figure will have the balls to expose this massive larceny of the American dream, and the people will hear the truth over all of the noise. Then there will be a reckoning.