The textile industry has declined a lot in this country.
IT-related industries have boomed.
Economies, technologies and lifestyles change.
You can't stop that change because the laws of economics are what they are, so you have two choices.
You can bitch and moan and try to go backwards or you can get out in front of the change and make the most of it.
You can't point me to a society that's prospered, or even survived, by walling itself off and ignoring the changes going on around it.
The primary sector is agriculture; a nation has to feed itself. The agriculture sector is made up of wheats and grains, fruits and vegetables, meats, nuts, juices, etc. A nation without an agriculture sector will starve.
The secondary sector is industry; a nation has to be able to make things. This sector is made up of metals and ores, chemicals and materials, refining and manufacturing, intermediate and finished products, etc. A nation has to make things to grow.
The tertiary sector is services; a nation has to maintain itself to sustain. This sector is made up of the trade services (electrical, plumbing, A/C, automotive, etc.), professional services (advertising and marketing, sales, information, tourism, sciences, etc. A nation has to service its industry or it will collapse.
The United States has been offshoring its secondary sector to China. Environmental extremism has been slowly eating away at our primary sector (see how California destroyed its San Juaquin valley growing region). If we have to buy our food and materials from elsewhere and are left to just provide services amongst ourselves, we will transfer wealth back and forth amongst ourselves only to the point where we have to buy food and supplies. At that point, the wealth leaves our economy for good.
Bidirectional trade only works when we make things that others want, and they make things that we want. When we no longer make things and only buy things, we will inevitably give our wealth away and consume what we get in return until there is no more money to trade for things.
-PJ
I think of a tariff as an insurance policy against idiots like you. A guardrail. Which every lunatic the Dems pick they will be against tariffs because Trump is for them So vote for them and GTHOOMP.
That is a stupid supposition, isn't it? A tariff is a tool and doesn't embargo or wall anything off you moron.
Here are some examples where protectionism worked:
1. The USA from 1789 to 1940. We made everything in the USA under a protectionist umbrella and became the most prosperous country in history because of protectionist tariffs.
2. Another example is China from 1980 to the present. They have some of the highest import tariffs around.
3. British mercantilism and trade policies created a powerful empire.
I could go on.
Name a country that de industrialized and became more prosperous? You're a historical dunce.