Quote Originally Posted by Walter View Post
^^^ Add to that militant labor, inconsistent economic policies (win a project now, get sued by next administration), unstable politics, etc.
Yup, add all that too.

I knew someone who had a local furniture making and assembly business and one day he had a worker's strike which stopped all operations. After sometime, he decided to closed up the factory and sell off all the equipment. In the end, all the workers got laid off.

Later, he re-opened his business by importing all his stuff from China (in a semi-knocked down condition to save space in the shipping container) and just hired a few people for assembly and delivery. Less headaches (from managing dozens of unionized workers), less overheads (no big expensive machines to maintain, less space since no need for factory, less power requirements) and more profits.