But wait, wasn’t Fwee Twade supposed to moderate their behavior? After all, they wouldn’t attack a trading partner would they?
Would they?!
Free trade paid for their economic ascendancy and their military buildup. Manufacturing capital and jobs moved out of the United States to China and other Asian countries. As a result we have a shrinking middle class, rising wealth concentration in the hands of a few elitists, huge social welfare expenditures, a huge unemployed working age population and an increasingly authoritarian government giving the sheeple a few crumbs in exchange for votes. This is what every third world dictatorship looks like.
After this 25 year experiment with free trade and globalization, where are the benefits promised? There are none, at least for the average citizen, and if we continue down the current road the USA will be a third world hellhole in 20 years.
While we stand by practicing open markets free trade, China and every other “trading partner” views us as easy pickings. They practice bare knuckle economic mercantilism, not to mention theft of intellectual property and overt hacking of computer systems in order to damage commerce, while we silently stand and take the punches.
It is time to end this foolish academic experiment which has destroyed our manufacturing infrastructure, is destroying the middle class, and will destroy our republican form of government. Let’s start fighting back with a 30% levy on all imported goods. Take the corporate tax rate to zero on profits realized from domestic production. Lift regulatory burdens and apply tax dollars to rebuilding our infrastructure instead of funding worthless “education” and social welfare programs. Direct education “investment” to trade schools teaching real skills, not liberal arts theories.
Do this and China’s export economy will be crushed while the US economy will prosper. Continue with the current failed “free trade” policies and China will complete the conversion of its export factories to supplying the needs of its growing middle class. Once that transformation occurs, the US will be a hopelessly indebted nation with no industrial infrastructure to revitalize its economy and most of its citizens will enjoy the lives similar to those of the unemployed in Central America, Bangladesh, and most African nations.