Should have been titled: "A Globalist's Guide to The Economy"
Sowell is completely about free markets. He’s not a globalist. I suppose the real problem arises when another country unfairly uses tarrifs on your country among other underhanded strategies.
Regardless, a country that utilizes free market ideas should always win out even against the power of China, that is if the economy isn’t hamstrung by the Federal government, which it is.
Sowell advocates loosening the bonds the Federal government places on all Americans through crushing regulation and taxes. If it weren’t for that we would crush China.
Did you read this book by TS?
https://www.amazon.com/dp/0688048323?tag=duckduckgo-ipad-20&linkCode=osi&th=1&psc=1
If you haven’t, your loss.