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5 sats \ 1 reply \ @kepford 13 Apr \ on: "Americans would be better off working in a factory" vs "I would" econ
My gut tells me free trade is not the primary reason these jobs were off shored but rather US regulations and the cost of doing business. Unions for sure and the cheap labor in China and its liberalization in trade. Not saying NAFTA was good. Bunch of statists, globalists, and elitista wrote it but the solution is not tarriffs. Hard money and more freedom would make the US explode in prosperity.
The US has become fat and indolent.
Mired in debt and a culture of unsustainable consumption.
Dependent upon the endless spigot of USD fiat debt - the curse of reserve currency status.
Mired in woke identity politics and the culture of grievance and entitlement- increasingly devoid of any deep sense of duty...increasing greed, inequality and division.
The collapse might be more dramatic and humbling that that Great Britain faced at its end of empire.
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