A thought about domestic production occured to me the other day and i cant believe I've never hears it elsewhere in all my years. Domestic production was abandoned because of economic development raising wages and benefits above the cost to hire third worlders and cargo ships. In the early stages of this transition decades ago there was a point when many of these companies had one foot in domestic production and the other in foreign production and they were averaging the cost of their products produced in the market. Why didn't any governments in the west try to organize and force western companies to retain some domestic production and just average the prices of their goods, it would have taken large trade agreements to make this optimal but aside from thirsty corporate whores and their zombies everyone would have loved this so that should have been easy, europe as an economic zone would have jumped at this idea I feel. Let me give examples A mining operation running since the early 19th century in portugal is closed down because copper, sulfer, and iron are cheaper to have mined in south asia and africa because cost of living is far lower and safety regulations and litigation are nearly non-existent there. But isn't it prudent to retain domestic production to keep a steady supply and to maintain domestic skills? So then this company should retain one or two such mines, one in its origin country and another perhaps in it's economic zone while yes 50-90% of it's production goes to the third world. Its prices may be higher domestically but we avoid potential supply chain disasters, the nation has stronger economic independence which gives everyone better bargaining power and as such economic growth has fewer and more shallow valleys and cliffs. In the case of direct consumer products you could have skilled domestic workers make a luxury version of your product which would rely mostly on the same parts as your foreign production just a higher standard of craftsmanship or just follow the same cost sharing as the mine example above. This sould have and still could be economically viable by use of tariffs, fines, and incentives in the way of percentage reductions in these fines if you have domestic production in the same market.