The World Is in for Some Massive Change

Noah Smith: European companies were making lots of money by shipping their manufacturing to China. He says Europe is over regulated and so they couldn't do stuff in Europe. So instead they did it in China and just raked in the profits at the expense of European workers, he says.Smith: Those regulations are going to have to be rationalized for the purpose of reshoring industry to Europe. The French eat foie gras 24 hours a day. It's time to eat ice cream. I hope that the Germans are thinking about this.