Thursday, September 13, 2012

Manufacturing Rising

Katrina Trinko posts the a new ad from Romney attacking Obama for the loss of manufacturing jobs, especially to the People's Republic of China.

A key theme this ad hits upon---and one I've written on a number of times before---is that much of what has happened to US industry over the past few decades is often less a result of the pure "free market" operating and more a consequence of various national governments intervening in the market in order to encourage their industries.  Often, this intervention comes at the expense of the US worker.

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