When I become dictator of America, the word “unexpecte” and the phrase “more than expected” shall be liquidated.
You are on notice.
When I become dictator of America, the word “unexpected” and the phrase “more than expected” shall be liquidated.
You are on notice.
Free Trade isn’t the problem.
Where American industry is in trouble, it is because it is weighed down with taxation, over-regulation, unionization and an increasingly poorly educated or tax-demotivated workforce.
Raising tariffs/subsidies and so forcing Americans to buy their stuff from feather-bedded internal suppliers (e.g. General Motors) would not solve these problems.
The only reason Americans have a reasonable standard of living at all is because people across the world make stuff well and cheaply, and compete to bring it to America’s door.
Don’t like buying stuff from other people? Try reducing America’s internal barriers to wealth-production. But it’s simply shameful to complain that American factories have to deal with competition.