https://fabiusmaximus.com/2018/04/06/forgotten-secrets-of-free-trade/
The free flow of capital, jobs, and trade was a pillar of the
post-WWII geopolitical regime. Economists and the foreign policy
establishment assure us that this globalization is an unqualified good
thing – a “win-win” for all parties. That is, of course, absurd.
Globalization in its current form has clearly become problematic for
America. It has weakened us in important ways during the past 3 decades.
Especially since the decision in 2001 to admit China to the World Trade
Organization.
Fast forward to the present. For four years we have run a deficit in
the trade of goods and services of 3% of GDP. Starting in October the
deficit began to grow alarmingly.
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