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The software industry in U.S. did have a similar experience 5-15 years ago when "outsourcing" is the fashion.

What came out of that, it appears to me, is a booming software industry with more local competent and confident software engineers.

I am for reaching a economic global optimum.

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It's silly to suggest that the boom is due to cheap overseas programmers instead of the web and smartphone revolutions.

I think what he means is that there was a lot of 'doom & gloom' about how all our jobs were going to India and so on and so forth. And here we are... things are still going pretty well.

Because of explosive growth nobody saw coming at the time. I doubt the same is going to happen with say - automobiles, or designer clothing. We can make a pretty good estimate of what demand will be over the next decade.

Nobody ever sees explosive growth coming; that's what makes it explosive. That's why the U.S. generally manages its economy to permit and encourage innovation, rather than to meet centralized predictions.

There are some early hints. The confluence of software, solar, batteries, and cars is looking like something big could happen there.

Your second claim is completely anecdotal.

And When did companies stop outsourcing, and why are you using quotes over outsourcing?

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