Abandoning Globalization is a Sure Path to Immiseration (shared)

Posted on the 17 December 2024 by Phil's Stock World @philstockworld

Do we blame trade - or the fact that the United States addresses disruption very poorly?

By Eduardo Porter, Washington Post

Americans are done with globalization. For the third time in a row, in November voters chose a president who promised to rein in the thing. Indeed, in the past two elections there wasn't a pro-globalization candidate on the ballot. The proposition that guided U.S. policy since World War II - that weaving the world together via trade and investment provides a path to peace and prosperity - has been jettisoned and replaced with the thought that corporate America somehow duped us all into believing that hogwash.

This post was originally published on this site