Brookings’ David Dollar contends that job loss in
manufacturing derives primarily from technological change, not from trade. If this
were truly the sole cause, why have virtually all our trading partner be able
to better deal with these technological changes and avoid the increasing trade
deficit that the U.S. political elite have inflicted on America’s working
class?
America's Vast Inequality Didn't Just Happen... It's Been Politically Engineered.
(Image by Bill Moyers) Details DMCA
Expect both the mainstream media and think tanks like Brookings to be critical of Dr. Peter Navarro’s initiatives, since they can’t help being influenced by their advertisers and donors, who have been beneficiaries of the U.S. Trade Deficit.
Progressives should be on the lookout for and support Navarro’s initiatives to mitigate currency manipulation, border taxes on U.S. exports by our trading partners and tax benefits to corporations that incentivize the offshoring of U.S. jobs.
At www.brookings.edu
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