General Discussion
In reply to the discussion: Forget the DU created issues. How does Hillary not have an opinion on TPP? [View all]bhikkhu
(10,789 posts)a few percentage points here and there. Shutting out China would have made a big impact, but that decision was back in the 70's. If China were not a trade partner the money might have just gone elsewhere. Its a complicated topic, but one part of the equation is energy, which is a fundamental resource for manufacturing. Our energy supplies were maxed in the mid 70's, and importing manufactured goods from nations with excess energy resources was a basic "law of markets" result that allowed the continued growth that developed economies expect.
You could say that global inequality was actually addressed by outflows of US wealth ( http://www.worldbank.org/en/publication/global-monitoring-report/report-card/twin-goals/ending-extreme-poverty ), but it hasn't done a whole lot to improve opportunities here.