Time to Unwind "Chimerica"

So apparently Japan has started to "bring back manufacturing" from China. Perhaps another country should emulate them...

If this Coronavirus trainwreck has shown one thing, it's that the Washington consensus of "Chimerica" and offshoring manufacturing and much of our supply chain over there was just a woefully bad idea. It's not just the lost jobs (3.2 million between 2001 and 2013 by one estimate), it's the risks posed by outsourcing every critical product.

Honestly, the numbers are ridiculous. "Last year, China accounted for 95 percent of U.S. imports of ibuprofen, 91 percent of U.S. imports of hydrocortisone, 70 percent of U.S. imports of acetaminophen, 40 to 45 percent of U.S. imports of penicillin and 40 percent of U.S. imports of heparin, according to Commerce Department data." 

Hell, an iPhone would only cost 5% more if assembled in the United States (albeit sourced internationally).

Unwinding Chimerica will take a long time, probably a generation. But the first step is to gut intellectual defense of it And at this point, defending this is just antiquated. It would be like advocating for feudalism or something like that.
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