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Civics: “There is no debate. There are narratives, and the narratives are imposed”

Paul Craig Roberts:

Journalism as an occupation no longer exists. Today the struggle is not to get at the heart of an issue, but to have one’s agenda prevail.

In 2013 I returned to the issue of offshoring production for the home market in my book The Failure of Laissez Faire Capitalsim. In the decade since Schumer and I had published our article, the US had lost 54,000 factories. The number of factories employing 1,000 or more declined by 40%. Those employing 500-1,000 declined by 44%. Those employing 250-500 declined by 37%. Factories employing 100-250 declined by 30%. The losses are net of new start ups. The US manufacturing work force shrank by 5,000,000 employees.

In the first decade of the 21st century the population of Detroit, Michigan, declined by 25%. Gary, Indiana, lost 22% of its population. Flint, Michigan lost 18%. Cleveland, Ohio, lost 17%. St Louis, Missouri, lost 20%. Pittsburgh Pennsylvania, South Bend Indiana, and Rochester New York also lost population. These cities were once the home of American manufacturing and industrial might.

Wherever the alleged “gains of trade” might have occurred, it wasn’t in these cities.

The Democrats’ open borders policy might be replenishing these cities’ populations, but the jobs are not there to support them.

There is another reason jobs offshoring did not produce for Americans any gains from trade. When the goods and services produced abroad are brought back into the US to be marketed, they come in as imports. Thus the trade deficit widens, which means the US incurs more foreign debt. Is the growth in debt caused by jobs offshoring covered by gains from trade?

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