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> Interestingly, it seems the US is almost unique in our mass deindustrialization. Japan, Germany and South Korea have avoided this. Those countries also have

• Barrin92 6y ago
  >Those countries also have much higher trade barriers. This isn't true. Here's a comparison of the EU, several individual European countries, Japan and the US[1], and there isn't much difference tariffs or trade barriers. Global trade-barriers have been reduced to virtually nothing among developed economies, the US isn't unique at all. This is a stale old meme that seems to be popular in the US because it frames the US as a sort of victim of global trade which is a popular political narrative but not evidence backed. The real difference is in the overfinancialised, laissez-faire capitalism of the anglosphere (the UK suffers from the same issue of deindustrialisation, Australia as well), comopared to the industrial policy and state/big business dominated capitalism of Japan, Germany, France and so on. [1]https://blogs.lse.ac.uk/brexit/2017/10/24/the-eu-isnt-protectionist-its-one-of-the-most-open-economies-in-the-world/ https://blogs.lse.ac.uk/brexit/2017/10/24/the-eu-isnt-protec...