Buchanan is right.
Soon, all these countries with formerly American jobs will no longer have the American market to export the fruits of their formerly American jobs to......so we will then see them whining about finding a new "market" for their slave-labor-produced inferior products. International trade agreements and myths/lies and MFN are rapidly liquidating America.
International trade agreements and myths/lies and MFN are rapidly liquidating America.
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Ten Myths about Jobs and Outsourcing:
Myth #4: Free trade, free labor, and free capital harm the U.S. economy.
Fact: Economic freedom is necessary for economic growth, new jobs, and higher living standards.
A study conducted for the 2004 Index of Economic Freedom confirms a strong, positive relationship between economic freedom and per capita GDP. Countries that adopt policies antithetical to economic freedom, including trying to protect jobs of a few from outsourcing, tend to retard economic growth, which leads to fewer jobs.
Myth #6: Outsourcing is a one-way street.
Fact: Outsourcing works both ways.
The number of jobs coming from other countries to the U.S. (jobs insourced) is growing at a faster rate than jobs lost overseas. According to the Organization for International Investment, the numbers of manufacturing jobs insourced to the United States grew by 82 percent, while the number outsourced overseas grew by only 23 percent.[5] Moreover, these insourced jobs are often higher-paying than those outsourced.[6]
Myth #7: American manufacturing jobs are moving to poor nations, especially China.
Fact: Nations are losing manufacturing jobs worldwide, even China.
America is not alone in experiencing declines in manufacturing jobs. U.S. manufacturing employment declined 11 percent between 1995 and 2002, which is identical to the average world decline.[7] China has seen a sharper decline, losing 15 percent of its industrial jobs over the same period.
Buchanan was exposed as a fraud back in the 1990s when he traveled all over the Rust Belt complaining about the loss of U.S. manufacturing jobs -- then climbed into his Mercedes-Benz and drove back to his comfortable home in the Beltway suburbs.