Of course in the long run, and assuming we don't manage to wipe ourselves out beforehand, then fairly much every country will get to similar level of development, so people will demand wages of similar levels. There's no incentive to shift the factory to China if the workers want much the same wages, and the pollution controls are as tough as the West.

It might still be a house of cards, but it wouldn't be sitting on such an unstable base.





BTW Foolestroupe, grapes for wine are currently grown for wine in England, and in increasing amounts.