The reality of it is this.
Countries extort technology and jobs and intellectual property from the U.S via this so called Free Trade. What we get is over compensated executives, higher unemployment, enriched politicians and lobbyists and a burgeoning lower class.
This is great at first as cheap goods flow in and people start owning great stuff. But then the unemployment starts to catch up. The education opportunities dry up or become prohibitively more expensive, then people just getting by in the middle class fall to the lower class — need aid for insurance, food stamps etc ...
Once this cycle starts how do you stop it?
Countries extort technology and jobs and intellectual property from the U.S via this so called Free Trade.
Yep. And I come from generations of tax payers that have funded R&D grants to colleges and universities as well as funding NASA. I believe that since we funded the technology, we deserve at least FAIR TRADE.
impimp has a middle finger for all the poor families that cannot get a good gig in finance or tech. He is very much like the establishment republicans and democrats that have put our nation in decline.
>>Once this cycle starts how do you stop it?<<
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
That is the relevant question.
It MUST start with tariffs against imports.
For many people, this seems almost sacrilegious, because they are brainwashed by the globalists and because Reagan did not take on this issue. He had other fish to fry, but the misguided “Conservatives” and Libertarians forget this.
Nor did they ever understand the economics of the world since Bretton Woods, Nixon’s closing of the gold window and the advent of OPEC (a globalist creation architected by, amongst others, none other than Kissinger).
These and other events set up exactly what you described: a temporary windfall for consumers. But they also set up EVER-INCREASING TRADE and FISCAL DEFICITS.
These deficits were planned. There is absolutely no doubt that the Rockefeller group, represented in the Nixon White House by Kissinger, Volcker (who was a key advisor) and others KNEW EXACTLY WHAT WOULD HAPPEN to AMERICA. It was REQUIRED, in order to set up the world to eventually replace the US Dollar and demote America from its super-power status.
Globalists who KNOWINGLY do this are TRAITORS. The rest are just FOOLS.