Paul Craig Roberts #1059
Coffee and a Mike
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The Economics of Tariffs and Corporate Offshoring
This chapter examines the inefficacy of government-imposed tariffs in restoring American jobs, highlighting the role of corporations and Wall Street in offshoring production. It discusses the negative consequences of this trend on domestic employment, local economies, and consumer product quality, particularly in the automobile industry. Additionally, the chapter reflects on the historical context of tariffs and the shift in power dynamics from Congress to the executive branch, raising concerns about the implications for democracy and governance.
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