Maybe you need to learn the definition of what 'a zero sum game means'. Strangely enough, we didn't have a race to the bottom prior to globalization. Prior to globalization, wages for the middle class were going up. Now, even when it booms, wages stagnate.
This is just more misinformation and manufacturing fetishism that reflects a fundamental misunderstanding of trade. The US trade deficit with China is not a bad thing. It means the US economy and citizens are making more money from services, intellectual property, digital innovation, etc and don't need to toil away in factories. Factories that are going to be largely automated by 2030 anyway - 800 million of those manufacturing will be disappearing to automation in the next 12 years. Its a good thing that most Americans don't have to depend on manufacturing jobs.
And we already covered history so stop with the lies. The US moved to free trade after WWII and the middle class in America saw its most prosperous period ever 50s-70s during an era of free trade.
"This year, net inward investment into the United States by multinational corporations—both foreign and American—has fallen almost to zero, an early indicator of the damage being done by the Trump administration’s trade conflicts and its arbitrary bullying of companies and governments. This shift of corporate investment away from the United States will decrease long-term U.S. income growth, reduce
the number of well-paid jobs available, and reinforce the ongoing shift of global commerce away from United States. That shift will subject the entire world economy to greater instability.
Most obvious, Trump’s trade war is
escalating. It is displacing
Americans from jobs in export industries and
reducing U.S. purchasing power. But these direct harms are limited; the global economy can adapt to Trump’s tariffs. As I wrote, “The United States is more dispensable to the rules-based trading regime than it is in other economic spheres. . . .Trade can be limited, but never completely squelched.” What’s more, congressional Republicans’ spending binge and their deep tax cuts will offset most of the damage to aggregate U.S. growth and employment, at least for this year and next (although those actions will bring bills to pay later). As a result, standard economic indicators, such as the value of the dollar, the U.S. stock market, and interest rates on U.S. government debt, which are all currently fairly stable, do not reveal much about whether the world economy is moving into a post-American era. Major powers have accelerated trade deals among one another without the United States, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the successor to the Trans-Pacific Partnership, from which Trump withdrew the United States last year, and the recently signed EU-Japanese free trade deal.
If U.S.-made cars are competitive only behind tariff barriers, and cost far more than they should because of those tariffs, there is no point in planning to make more of them in the United States to meet rising global demand. The economies of scale that make vast manufacturing enterprises work will decline. As antimarket governments have repeatedly shown, and as was the case with the U.S. auto industry in the 1960s and early 1970s, protection stifles innovation and results in worse products for consumers in the protected domestic industry. Going down that road will, in turn, hurt overall research and development in the United States,
of which investment from automakers (including foreign ones) makes up a large part, and the United States’ reputation as a place to do business. "
https://www.foreignaffairs.com/arti...-07-23/how-trump-repelling-foreign-investment
- banter organisation
