I’m not against foreign trade, as long as TPTB lets the USA sell or export MORE than it imports. That’s what TPTB did, so China and their masses get higher living standards. More middle class people to buy corporate products and services. Look how we export, lets say $100 worth of high quality Boeings, and IMPORT, $1,000 worth of lead paint toys, can openers, screw drivers, and ratchet sets.
Regarding imported cars? Better gas mileage, reliability, and durability that’s NOT why people bought them. They bought them because that’s what TPTB wanted Americans to do. Like what came first chicken or egg. Better higher quality imported cars are supposed to cost a lot more than a regular US car. Not cheaper or the same.
No US car manufacturer, in 1980, that supplies free health insurance, and a unfair rigged exchange rate, can compete against a foreign producer with a favorable exchange rate that does have to pay to supply health insurance, as the Japanese gov’t provides it
In the beginning, after 1945, TPTB made other countries buy our exports. We had trade surpluses. Even Hitler was importing Model T Fords.
None of this matters anymore, because the “situation” is reversing. Its time for a better USA. Wait until the new trade deal goes thru. It won’t be like the past. USA getting screwed.
The supreme Court just went AGAINST the Environmental Protection Agency attempt to muzzle big energy producers.
TPTB media is also promoting higher wages lately. They are in panic mode, trying to fix USA problems. Forty years from today, the USA will be very well off, but most of us won’t be here.
We took the whole ride down after 1971-1980 era. China right now, is like the USA in 1980. If I was young today, and lived in China? I’d look for gov’t employment, be employed in a gov’t supported industry, like medical space and defense, or own gov’t supported auto and retail stores, buying cheap high quality imports from USA with my strong Yuan dollars.
China will go gradually from surplus to deficits. USA gradually from deficits to surplus.