Free Trade has take jobs away from U.S
China doesn't have free trade. They are in the toilet too. It seems when people stop buying, the businesses that sell them products tend to fold. Oil prices crashed...no demand.
Your simple minded rant against free trade doesn't wash.
Free Trade has allowed Americans to grow multiple times richer than they were in (e.g.) 1950.
Protectionism is toxic. A protected industry is just a welfare project.
So has illiteracy.
Let us pose a riddle:
Economies of scale is an economic theory that states that you can take advantage increased size to have increased efficencies. Instead of 10 or 15 car manufactures, have only three. Cut your management, reduce the costs of competing product lines, higher profit margins through bigger purchase discounts and more sales via lower consumer prices. A win win for all. The consumer has more money left in his pocket to be able to buy other goods, thus employing those whom were cut from the now defunct automakers.
So, this begs, in theory, the question that if we are all humans, and we live in a truely global economy, why is it that a chinaman that makes your playstation three gets to make 10x less than you or I make and is willing to work more hours to make it?
His country has instituted less regulation (less lawsuits in China than in the USA, no EPA, no chance that OSHA comes in to do an audit, ect), lower taxes (incentives for companies to operate in certain districts that have been paid for by the trade imbalance that WE are financing), ect.
So, yes, while jobs have left here, why is it that they have left here? More regulation? Cheap money? More taxes, ect?
I agree whole heartedly with all you chaps. We’ve done this to ourselves and it pisses me off just as much as the rest of you, believe me. I’d before to a fair and level playing field, but then again, in Capitalism, nothing is completely fair, and that’s what we’re finding out, nature sorts out those who use snake oil, and those who stick to the unwritten rules.