>It’s a feature, not a bug, of capitalism.
It's not a feature of capitalism - we've had capitalism without sending manufacturing overseas for decades. Rather, it's a feature of globalization, which is a tactic that isn't specific to capitalism.
Wrong. The only reason capitalism didn’t do it earlier was because it wasn’t profitable to do so. It is absolutely specific to and a feature of capitalism, because socialism by definition concerned with the welfare of workers, whereas capitalism is by definition concerned with the welfare of shareholders.
Globalism is the logical conclusion of capitalism. You can argue the two have distinction and you'll be right, but trade loves free borders and price inequalities don't go away when you levy proportional taxes on imports. The more insular your nation becomes, the more detached they are from the actual value of things. A capitalist rejecting globalism is like the clergyman refusing gospel.
It's ultimately the businesses that decide how to conduct their business. If moving your jobs overseas is a cheaper strategy than producing something domestically, you will have a hard time getting anyone to stick around. Our problem today is that America raised it's standard of living without reciprocally raising the median value of the American worker.
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