this is the sort of china story that grieves me. catepillar is one of the few american foundry companies that benefit from the low dollar. they make a product that is in demand world wide.

what a terrible thing that they open their first factory in china.

soon after they’ll discover that they have a chinese rival who makes machines just like their machines.

the rival will be making their catepillar copies less than 100 miles away from the catepillar plant. their chief of operations will be a former manager of the catepillar plant. many of their former employees will be working at the new plant.

they will get no compensation from the chinese government.

ten years from now cheap chinese copies of catepillar products will hit america’s shores.