Hydra under attack
Liberty Lockdown
Globalization and the U.S. Economy
This chapter examines the implications of the U.S. dollar as a reserve currency and its effects on domestic industries, especially in light of global competition. It highlights the struggles of the steel industry and the challenges faced by the labor market due to globalization, including the increasing reliance on foreign economies and cheaper labor. The discussion also touches on the impact of trade policies, societal shifts, and the precarious economic situation facing younger generations in America.
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