'America First' puts the U.S. economy at risk while the rest of the world powers forward

[marmar]

Over the past four years, the Trump administration’s fear-based U.S. nationalism has moved the conversation on trade to degree of protectionism levels rather than any kind of global engagement strategy. “Where should we erect barriers?” was the operating philosophy, a short-term, ill-informed approach shown decades ago to be ineffective.

A “Made in the USA” requirement for goods and services when the world has spent the past 75 years developing an integrated, efficient global system is a fantasy. It is based not on need, value, nor even fairness, but on fear and distrust, stoked by the same forces already deeply dividing the U.S.

Some attention needs to be paid to that fear, and President-elect Joe Biden has proposed a $400 billion “Buy America” initiative in connection with sorely-needed infrastructure investment. But the global system is moving ahead, and “America First” puts us at risk. ...........(more)

https://www.marketwatch.com/story/america-first-puts-the-us-economy-at-risk-while-china-europe-and-the-rest-of-the-world-power-forward-2020-12-23?mod=home-page

[underpants]

1. Good read.

From George Mason no less.

[Thekaspervote]

2. I highly doubt Biden is an isolationist

We can have both, made here and abroad.

The whole trend in businesses located here is to have manufacturing located here as well. The pandemic and shitty trade policies by dotard caught them flat footed.