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The Truth About Trade
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This is an interesting article that gives some much needed perspective to the debate about foreign trade as it currently exists:
https://www.washingtonpost.com/opinions/...story.html "Expanded trade with China over the past 15 years has cost the United States at least 2 million jobs. Cracking down on trade with China, by taxing the cheap consumer goods it ships to our store shelves, could cost millions of additional jobs. That both of these things can be true is the conundrum of trade, the breakout issue of the 2016 presidential election. Democrats have long debated globalization and its consequences in their primary campaigns, particularly in the Rust Belt, a tradition Bernie Sanders and Hillary Clinton are continuing. But Republicans, led by Donald Trump, are suddenly bashing trade, too. On both sides, the issue has become a leading scapegoat for lost jobs and stagnating working-class wages, and rejiggering “bad” deals has become a common promise to restore middle-class prosperity. Many of the campaign promises, though, rest on myths. Here are the most egregious of them." We show less advertisements to registered users. Accounts are free; join today! |
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