The only countries that need global trade are the countries that lack resources of their own- they sell themselves as cheap labor because they need to import much of what they use. Those countries needed to go begging for investment.
Before globalization, the US had both resources *and* a well-paid labor force. Thanks to globalization, the US imports more of what it already had the capacity to make for itself and has less of what every country needs: a well-paid labor force.
Great job, America. Really great.
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December
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- Innovations?
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- Why Not Default?
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- Keynes Was A Globalist And Probably A Communist
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- Liberals In Fantasy World Continue To Insist That ...
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- Origins Of The Internet
- Globalization's Failure for America
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- Two Kinds Of Money- Neither Is Free
- Government Is Not An Investor, Part 2
- Government Is Not An Investor
- The Myth Of Government As Private Sector Job Creator
- No Such Thing As A 'Climate Denier'
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December
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Thursday, December 10, 2009
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