“That is simply not correct, and would not be stated by anybody who has ever read a basic economics text.”
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Seems to this poster, ‘basic economics texts’ are a bit like lawyers.
Nations do not necessarily produce what they have a comparative advantage in - it depends on the leadership and wisdom driving trade decisions in each country.
America has for a long time, been led down the path you describe. A few people have become very wealthy by demolishing entire segments of our once-historic manufacturing base, and sending strategic capabilities to communists and people who seek our destruction.
Those few people have gotten rich, by selling us out.
There’s a word for that. And it’s not “economics”.
Whoa. Buchanan said something that is simply incorrect. Everything else you say may or may not be true, but Buchanan has prefaced the entire piece with a false straw man.