The only limits on an economy are the limits of the human imagination. Real goods are only part of an economy. What of the service sector? I know it sounds all too trite and so 90's, but information is a commodity in the information age.
As for multinationals outsourcing, we need to remember that even in the present mania of private equity buyouts, the shareholders are driving the bus. The quest for higher returns is a very democratic process even if it takes a few steps to get to Dennis Hopper's peers.
One has to remain optimistic if we( American Experiment ) are to remain sovereign. Look at where China was materialistically 20 years ago. If they can adapt,we can adapt. They are behind us and we always be trailing us if we continue to lead. It is time to reinvent the rules of the game. This includes identifying the weaknesses and needs of our competitors and then savagely taking advantage of those needs. Supply them what they most desperately need. And it is not manufactured crap. They are after all humans in a most barbaric and inhumane environment slaving for meager wages which although promised to rise will do no such thing.
Let's stop acting like victims. That is unless we intend to have Al and Jessee lead us.
There's no doubt that there are a great many things to recommend economic globalization - as long as it is in service of mankind and not itself.
Just like the Second Amendment allows for guarding against tyranny, so too should we provide ourselves the means to protect ourselves against an out-of-control economy.
Our dependence on monetary systems can lead to a global depression which is silly, since the only thing that ever changes is the economy- people still have the same skills and capabilities, the physical means of production doesn't simply disappear in a poof, and yet all it takes is for the economy to collapse and millions starve. Silly.
Especially when you consider that Iran actually wants global economic instability - they believe that chaos will bring their messiah. Why would we want to leave ourselves to the mercy and will of such a precarious and indifferent system?
Obviously we don't want to abolish and create chaos - but we also don't want to let it continue to slip from our intentional control.
Just food for thought.