
About this episode
How To "Win" A Trade War
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#business #trade #economics
Global trade has made the USA incredibly rich.
But what is good for AmericA, isn’t always good for AmericaNs…
Globalisation has let big businesses pull revenue from global markets, it’s given consumers cheap products subsidised by poverty wages, and investors access to foreign capital from around the world.
The best part is, all we had to give up in return was stable productive jobs that previously defined the American middle class…
For some reason, some people have decided this wasn’t actually a very good deal and that workers need a way to regain some of the power they once had.
It is genuinely a very reasonable idea that has united people on both sides of the political aisle… which is why it’s kind of a shame that we are doing it… in the stupidest way possible…
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Keywords: economy podcast, mortgage crisis, economic trends
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