Deindustrialization is, in my opinion, just a natural phase brought on by the profit motive. Labor and raw materials are always going to be the most expensive parts of producing anything, and even if we converted the United States into Ancapistan tomorrow, labor in Asia would still be cheaper. Our countries are just at different stages.

Deindustrialization will hit China and the rest of south-east Asia in time too. China right now is experiencing the boom we experienced post war.