Management talent, I would push, is largely a myth. I'm sure it matters more than I'd give it credit, but so does a lot of capital cost in infrastructure and support that are invisible in your numbers.

And again, industry largely fails and goes bankrupt. Education and townships are not things I would feel comfortable pushing that outcome for.

Also... Offshore movements were pushed not by shrewd management, but by shopping around for cheaper labor. Not sure how that is relevant here?