The Irony of Outsourcing in the US

The irony is that the very same capitalists in the United States moved their operations to China as part of China's industrialization strategy because they wanted to exploit cheap labor. Those companies not only outsourced to countries like in Asia where they could exploit low-paid workers, but also it was a way of union busting. And that's of course exactly what happened. They contributed to deindustrialization in the US, which weakened the US economy and then the neoliberal model of just pumping money into Wall Street and S&P 500 and stock speculation.