what a platitude of complete nonsense and idiocy. Apparently whoever wrote this did not even have a simple grasp of rudimentary economics. It is filled with make-believe and ignorant fancies. I would not go in full length to refute it. Just for one, since when globalization was intended to unify political system in the world. The author must have pulled this out of his rear end. The original intent of GATT and later WTO was to facilitate commerce between nations and open up domestic markets to international trade. With that it also recognized that developed nations has natural competitive advantages hence it allowed developing nations to exercise certain levels of protective measures to defend its infant industries from the predatory encroachments of their more mature counterparts from the developed nations. It was with this understanding that China entered negotiations with US and others member nations for the entrance into the WTO. US at the time was confident of its own competitiveness with respect to China and was indeed euphoric about Chinese entrance because it afforded the chance for US industries to corner the vast Chinese market. I remember when Charlene Barshefsky signed the pact with China after long and hard negotiation in 2001, it was applauded by both parties enthusiastically. Of course, almost two decades later events have proved that the confidence US had placed on itself did not quite pan out as it originally assumed. Thus come the revisionists in the political circle of US with myriad kinds of excuses for this otherwise of its own failures.
I think that you are either blind or complete ignorant of simple rudiments of economics. If Bannon has succeeded, you have two choices. Either you are willing to pay $500 for pair of sneakers while oversea the same sneakers are sold at $80 or workers in America get paid sub minimum wages. In either case your standard of living will be lowered. Do you own pick.
