3 ms·
Globalization and free-trade were beneficial when US was unipolar hegemon (though arguably not being protectionist against China enabled China's rise)... but in
by PKop 4y ago
Globalization and free-trade were beneficial when US was unipolar hegemon (though arguably not being protectionist against China enabled China's rise)... but in earlier periods of America's primary growth, "bans" of foreign good through protectionism favoring domestic industries is what made America strong.[0]
Innovation is not antithetical to taking heavy-handed policy targeting adversaries, whether through trade or monetary/financial policy.
[0] https://en.wikipedia.org/wiki/American_System_(economic_plan) https://en.wikipedia.org/wiki/American_System_(economic_plan...