We have certainly failed to communicate to many the advantages of free trade and foreign trade, allowing focus only on the negatives (and some are real negatives when you look at wholesale moves of companies, equipment, and manufacturing capacity without replacement investment), and an inadequate safety net. If we had high quality retraining, reskilling, upskilling, and more in areas where old manufacturing left we'd be in a different place. And if we had better K-12 education universally we'd have a different workforce as well. The U.S. benefitted from free trade and probably squandered some of that benefit by allowing too much inequality, without requiring through tax and other policy, investment in the changing nature of our economy to the benefit of all. We could have probably done a lot differently.
Thank you
We have certainly failed to communicate to many the advantages of free trade and foreign trade, allowing focus only on the negatives (and some are real negatives when you look at wholesale moves of companies, equipment, and manufacturing capacity without replacement investment), and an inadequate safety net. If we had high quality retraining, reskilling, upskilling, and more in areas where old manufacturing left we'd be in a different place. And if we had better K-12 education universally we'd have a different workforce as well. The U.S. benefitted from free trade and probably squandered some of that benefit by allowing too much inequality, without requiring through tax and other policy, investment in the changing nature of our economy to the benefit of all. We could have probably done a lot differently.
Fascinating to read your articles, thanks!