Let me offer you a very good read that will help you to understand better what you are talking about. It is a pdf of Thomas Sowell’s Basic Economics a Citizen’s Guide to the Economy.
http://www.altfeldinc.com/pdfs/BASICECONOMICS.pdf
It is only 48 pages and jampacked with great info and background. Start there and we’ll discuss your post afterward. Sowell will correct many of the fallacies expressed in your post.
You cocky SOB. I have a minor in economics but most economic theory is bull crap with regards to the wealth of the entire nation. So I am already well versed in "classic" economic theory. The last 30 years has proven it is all bunk. I am/have rejected classic economics which is fairly tales and fantasy.
“International Trade
Before NAFTA was passed, Congressman David Bonior of Michigan warned: “If the agreement with Mexico receives congressional approval, Michigan’s auto industry will eventually vanish.” But what actually happened was that employment in the automobile industry increased by more than 100,000 jobs over the next six years.”
***** You are posted dated crap. When did Thomas Sowell write that? Because NAFTA ended up ruining Detroit along with allowing Japanese and Koreans to build automobile plants here in the USA