Both the Democrats, in large part, and the Republicans, in overwhelming part, made a sort of Faustian bargain starting in the early 1970s, embracing globalizati

Both the Democrats, in large part, and the Republicans, in overwhelming part, made a sort of Faustian bargain starting in the early 1970s, embracing globalization in ways that were harmful to U.S. industries but, the implied promise went, would be in the long-term best interests of the country. Partially this was economic -- a bet on trade and comparative advantage -- and partially geopolitical, in that many of the early trade deals had the effect of countering Soviet influence (e.g. Nixon's famous China trip in 1972). I think it's safe to say that not everyone felt, in the decades that followed, that they benefited as a result. It's hard not to read this election, and particularly the Republican victories in formerly manufacturing-heavy areas like the upper Midwest and Appalachia, as a repudiation of this deal. Many people aren't impressed by either the alleged economic or geopolitical benefits of globalization, and they're expressing that extreme discontent at the ballot box.