Paul is wrong ping!!
bttt
Our low value work is long gone. The question is, should high value work, especially high tech high value work with geopolitical and military applications, be allowed to exit?
I saw comments on another thread where someone made the astute observation that Germany is Pat Buchanan's ideal model.
Germany has high tariffs, maintains a consistent trade surplus, has low immigration, participates in little or no military adventurism and sports a strong currency.
I guess we could add huge unfunded liabilities to the list of reason why capital is not attracted to Germany but all this results in their terrible GDP numbers and bleak outlook.
While others look to allegedly successful protectionist models from 100, 200 and 500 years ago, here is a solid modern-day example of why not to adopt the protectionist policies so many here at FR believe would be beneficial.