4 ms·
This is a deeply myopic and zero sum view of trade. Moving low tech manufacturing to Asia has lifted a billion people out of grinding rural deprivation across m
by ch4s3 5y ago
This is a deeply myopic and zero sum view of trade. Moving low tech manufacturing to Asia has lifted a billion people out of grinding rural deprivation across multiple nations.
Western nations are wealthy because the West, broadly, won WWII and the Cold War while spending the post war period building high tech industry. The US in particular started industrialization as a low cost manufacturing center. Other nation deserve a chance to follow the same path to prosperity.