After reading through all the replies, I've determined that if anyone believes they could do it better and has the inclination -- they should set up shop and do it. Teach GEC, and us all, a thing or two.
It would most likely be a profitable venture eventually, would make the traditional crowd exceedingly happy (and exceedingly angry at times), would create jobs for skilled Americans, and maybe even help revitalize an impoverished area.
I recently saw a YouTube video in which a man was driving around Gary, Indiana (named after someone influential in the U.S. Steel organization - nice lineage!) showing the collapse of the city since the steel mill's closing. Terrible poverty, crime, and unemployment rates - very sad. I bet a knife manufacturer operating in a historic steel town with some good marketing about the revitalization of the community could sell a bunch of knives. oh - and the real estate is plentiful and dirt cheap with salaries at about half the national average - so, cheap labor too.
It's easy to identify problems -- anyone can do it. What's more interesting is effective solutions to those problems.
Be the change you want to see.