One of the most hubristic miscalculations of the 20th century was the Western managerial class in the 1980s and 1990s assuming that globalization would permanently consign developing nations to the manufacturing of cheap plastic junk while domestic blue collar jobs were offshore.

I don't think it was a hubristic assumption so much as an engineered economic plan.

When you look at our history of sanction and regime change, the countries we love to target are the ones that won't comply with this model. Doubly so, the ones we outright invade.