I am advocating we, balance our trade with China.
Balance.
If China refuses to balance our trade, then we can talk about cutting off trade, but I believe you would find a whole huge lot of Americans who are deeply uncomfortable about current trends.
We run a massive trade deficit with a nation, which doesn’t even grant Americans equal rights.
That nation has a massive population.
I am deeply concerned that neither American party seems to care one bit, about our own nation.
Not Republicans. Not democrats. Nobody.
Someone stand forward for America.
I sure hope the party to do so first, is the Republicans.
That is all I am saying.
I see ZERO evidence of that so far.
OK, but your policy will have a lot of negative effects on individual Americans so we should back up and cover some other economic insights. The most important for right now is understanding that it is the division of labor (labor specialization) is critical to wealth creation.
Here’s a video showing the division of labor in the manufacture of Wilson Footballs.
http://www.youtube.com/watch?v=PkCwsKGO-2o
It’s just over 5 minutes long. Ping me once you’ve watched it and we’ll discuss it.