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We're facing much more competition globally now. Sure, it's a small loss for us, but it's a huge gain for the world. Things had to equalize, we couldn't ride of
by hodwik 11y ago
We're facing much more competition globally now. Sure, it's a small loss for us, but it's a huge gain for the world. Things had to equalize, we couldn't ride off WW2 forever.
And I don't mean that in a Keynesian sense. I mean that in a 'the rest of the first world was bombed to a pulp so we had no global manufacturing competition' sense.