4 ms·
Not blaming Reagan specifically, but the consensus that emerged in the early 80s was that all GDP growth was good, even if it skewed away from manufacturing tow
by obblekk 3y ago
Not blaming Reagan specifically, but the consensus that emerged in the early 80s was that all GDP growth was good, even if it skewed away from manufacturing toward finance, etc.
This basic belief allowed us to write trade deals that reduced manufacturing capacity relative to non-manufacturing.
Totally agree with you the Ukraine war has been incredibly important in previewing what would have been much worse in a Taiwan war.