Ready to work under any conditions, they are easily skilled for the robotic age. The answer is obvious. We must protect the American way and strengthen the economic leg before America tilts the way of England. Job loss, wage loss, crime, loss of family values, urban blight, the erosion of our infrastructure, the drift to two classes of society, all spring from a weakened economy. We must stop the drift and rebuild to one America.
Trade denotes an exchange of things.
At the end of World War II, the United States promoted the idea of free trade to spread capitalism and develop consumers for its overwhelming production. But the Pacific Rim countries refused to follow Adam Smith's free market. Instead, Friedrich List's capitalism based on strengthening one's national economy took hold in Japan, and its success made protectionism the model for the global economy. We tried to prevent it. For 45 years, we suffered loss of market share trying to set an example.