In
Fortune:
"It's a crisis of confidence unlike anything America has felt in a generation. Residents of tiny Newton, Iowa, wake up to the distressing news that a Chinese firm--What's it called? Haier? That's Chinese?--wants to buy their biggest employer, the famed but foundering Maytag appliance company. Two days later, out of nowhere, a massive, government-owned Chinese oil company muscles into the bidding for America's Unocal. The very next day a ship in Xinsha, China, loads the first Chinese-made cars bound for the West, where they'll compete with the products of Detroit's struggling old giants."
Who's to blame? John Hagel makes some great points on his blog: "Confronting the Offshoring Challenge"
Any suggestions? ideas?