Sad, ain't it.
L
With all due respect, sir, the United States is in a grossly unequal trade situation. China, India, and other nations restrict trade, whereas we do not. The long term detrimental effects of this state of affair, coupled with the burgeoning trade deficit is, in my opinion, cause for concern.
I would also point out, as I did earlier, that the current paradigm does in fact transfer wealth from the US to the third world. This does not seem to be capitalism, but rather another form of transfer payment. Friedman said as much, from the article.
LOL!!!
Thanks for cheering us up.