We buy products from China or India. And then our own countries go and build companies and factories in these countries. We’re investing in their products and investing in their industries/infrastructure. We are giving up our own industries to invest in theirs. How is this a positive thing to the people I will never understand. We are purposely leaving our industries and jobs behind just to help theirs. The only “benefit” we get is cheaper products. But are they actually cheaper? No. Because the job loss, increased taxation through social welfare programs, and wage stagnation reduce our purchasing potential to begin with. If you made more money, you could afford more expensive items. Now the items are cheaper, but you don’t make as much money. It’s a trick, and not economically sound. It looks good on paper, because of course developing nations’ products are cheaper. But what they don’t take into account is the cost of allowing this.
My War on Globalism 17
