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This isn't about politics, it is about how the world economy is going to work and to what degree countries specialize versus protect certain industries IMO :)
by bwb 7y ago
This isn't about politics, it is about how the world economy is going to work and to what degree countries specialize versus protect certain industries IMO :)
Post WW2 there was a big movement to integrate world economies under the belief that countries don't go to war against their economic partners. I must admit I am a huge believer in this.
Now, under the leadership of the 80s and 90s, on both sides of the aisle this went too far and the USA probably needed to add some protection to its domestic labor market. IMO the EU navigated that better, but culturally they have always been less merc.
Anyway, this is where we are at, we now have people in power questioning that....
My worry is that that we will untangle this fantastic system, rather than tangle but in a smarter way and provide better domestic protections.