Not Bloody Likely

In the US, there is a turnaround in the textile business. Manufacturing is returning to that country from China. The reason? Costs have gone up in China due to rising wages, energy bills, and logistical costs and lowered in the US. In South Carolina, companies can locate residents desperate for work, even at depressed wages, and subsidized cotton. Boston Consulting estimates that for every $1 spent on production in the US, China spends 96 cents. Although most of the production moving out of China is going to places like Bangladesh, India, and Vietnam, some is returning to North America. Could it be the patriotic flourish of big capital? Not bloody likely, it's all about money! John Ayers.