NO.
Because by then, our (physical brick and mortar) industrial base will be so small as to be ineffective.
There are other serious effects thus far, for example, CHINA is financing its agenda largely through the largesse of one william jefferson clinton, who granted MFN to our enemy.......how many American jobs, factories, and technologies was THAT alone?
Declares Landsburg: “I hold this truth to be self-evident: It is just plain ugly to care more about total strangers in Detroit than about total strangers in Juarez. ... Even if Kerry-style (or Nader-style or Buchanan-style) protectionism could improve Americans’ well-being at the expense of foreigners, it would still be wrong.”
Let's put this proposition to a FR vote. Who here thinks this a legitimate American position, that necessarily requires that we have no national-favoring concerns whatsoever?
Well? [ sound of crickets chirping]
I call this newest evolution of the pseudo-free-traders the "Neo-Globalist" position. Buchanan is right, catching the shift by these guys. The nation state they seek to subvert, however, is the one whose constitution guarantees our rights...including economic. A global world government construct will be totally unprotective of any individual rights whatsoever, other than the power of the Government. And there will be no individual nations with any power to oppose such a government...so that such a tyrannical government will have a free hand...with no checks and balances whatsoever to try and preserve individual liberty.
LCJ: Griswold's apology for trade deficits is simply laughable. We should have had a huge economic boost from all these trade deficits we have been running non-stop now...by his reckoning. Well where is it? The Reagan era protected manufactures, and saw a dramatic decline in the trade deficit towards the end of his administration...with manufacturing in the U.S. soaring as we indeed found new things to make. Today, by contrast, ALL manufacturing of new consumer products is promptly sent over to China. No U.S.-production interim step. Hence, no possibility even, of a U.S. reduction of the trade deficit until a complete collapse of our credit-worthiness...a result which you appear to be all-too-eager for. Hence, the previous models that Griswold uses are misunderstood by him...and grossly misapplied. His conclusions are complete poppycock, misunderstanding causes and effects.