In Defense of The American System: Our free trade agreements have saved us so much money, we're broke.

How many Americans still believe that the benefit of low prices on foreign imports exceed the harm that has been done to our domestic industry? America now has its lowest workforce participation rate since the 1970s’. We have swelling welfare rolls and calls for higher taxes to support a population that is increasing in government dependence. Will politicians and the news media ever quit pretending they don’t know why China’s stock market is collapsing? Their markets are tied to their manufacturing—which used to be our manufacturing. Other nations have our jobs, and hence our ability to buy their junk, so now they have stockpiles of junk and Americans are left with service industry jobs and government assistance. Neither a nation nor a company will survive long when they export the jobs of all their consumers. The American System creates American jobs.