In response to: How Economic Nationalism Hurts Nations
Panoramic view of the Bethlehem Steel Factory in Bethlehem, PA. The factory operated from 1857-2003 (gary718 / Shutterstock.com).We aren’t going to spend or policy-wonk our way out of decline and anomie in certain segments of our population.
If comparative advantage is created rather than discovered, refusing to play the game has consequences.
No market exists in a social vacuum, and hardly any market exists in a political vacuum.
American policymakers and citizens should acknowledge that the benefits promised by economic nationalism are illusory.