REDDING, CT
The tariffs are a mistake, but the concept of leveling the playing field of
""free"" trade is not only valid but urgent.
It never ceases to amaze how uninformed NYT readers are about globalization
and trade. They seem to be far right of the WSJ Editorial Board and the
Economist Magazine, which just had a cover story that effectively admitted
that globalization as implemented over the past 25 years has failed.
Which... Show more
REDDING, CT
The tariffs are a mistake, but the concept of leveling the playing field of
""free"" trade is not only valid but urgent.
It never ceases to amaze how uninformed NYT readers are about globalization
and trade. They seem to be far right of the WSJ Editorial Board and the
Economist Magazine, which just had a cover story that effectively admitted
that globalization as implemented over the past 25 years has failed.
Which is just stunning.
We've been in a trade war for the past 25 years.
China won.
America lost.
Europe lost.
The developed world, overall, has gotten crushed.
We are in secular decline as a result. And that's why our political systems
are imploding, one after another.
It is quite extraordinary that even after Brexit, Trump, the French election,
the German election, the Italian election, the anger of the Bernie Sanders
supporters, the decline of the American middle class, and the absolutely
stunning ascent of China, that people still talk about trade and globalization
in academic terms, as if there wasn't a quarter of a century of empirical data
that irrefutably shows that globalization has failed, spectacularly, and the
social unrest to come as a result will test humanity as never before.
Also, I do hope they're not counting on the US Navy to keep their shipping
lanes open and safe.
Finally, the notion that we or anybody else could use TPP to ""prod Beijing""
to do anything it doesn't want to do is laughable, given the events of the
last two weeks.
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