True.
But we don’t have the money to buy their goods.
All the capacity in the world doesn’t mean squat if you can’t sell stuff.
And we are tapped out right now. So is Europe. And China is lending money to both of us to keep us going in hopes of reviving us to buy their goods.
Won’t work. The only way out of this is to start making things here again. I do not know if that is possible. But you have to create wealth, not just swap finite dollars around.
Simple solution:
Across-the-board import tariffs.
They worked just fine when America was becoming rich and great.
Odd thing is, now we no longer have import tariffs, we’re losing our jobs and factories.
“Free trade” has FAILED.