Is this the same Hoover Institute that has employed George Shultz, General Mattis, Thomas Sowell, and Victor Davis Hanson (VDH)? If so, this article seems wildly left and out of sync with such a talented group of Senior Fellows.
Forgive me if I missing something, but the author seems to just be hocking the same old and tired “globalization” tripes that have caused so much damage to the U.S. economy and evisceration of our workforce with American jobs outsourced overseas to China or India. Does the author not see this? This is the whole reason President Trump was elected in the first place. Americans have been fed these globalization and “comparative advantage” lies for decades as they slowly watched their jobs, fortunes, purchasing power, and quality of life evaporate under Obama, Biden - and even President Bush before that.
The author’s lack of new ideas and lack of knowledge are equally alarming. Is he not aware that David Ricardo has been largely discredited by other economists, such as Joseph Schumpeter (i.e. “Ricardian Vice")? Does he also not know that China massively subsidizes its steel industry through outsized government subsidies? He seems to have missed out completely on the last two decades and to be wholly out of touch with the average American today in 2026.
The author may want to familiarize himself with the articles and work of his Hoover colleague, VDH, who has a much better grasp of these contemporary issues and challenges. He could also benefit by reading President Trump’s, “The Art of the Deal” on how to conduct successful negotiations. Unlike David Ricardo postulates, people and negotiations are much more complicated, complex, and nuanced than oversimplified economic theories can account for.
Instead of peddling old and hackneyed globalization balderdash, the author could add value by bringing new ideas - or at least new and credible information. He could start by answering the question avoided by all economists today - were other countries (including China and the EU) implementing tariffs on the U.S. before President Trump? If yes - and we were still buying their goods - then WHY wouldn’t we respond with reciprocal tariffs? This is just plain common sense and necessary for the long term survival of our country. Also, if life is so good without tariffs, then why have goods and the cost of living become so expensive for the average American citizen over the last two decades when there were no tariffs? Many Americans since then have become worse off than their parents under no tariffs. These are the types of questions Americans want answers to - not dubious theoretical drivel that doesn’t play out in real life.
Interestingly, I wonder how the Chinese will so ensconce themselves into the economies of Capitalist Countries that they will not suffer HARSHLY if they decide to…say…invade Taiwan. Their economy SURVIVES on exports…exports that will be badly affected by massive cancellations, embargoes and economic sanctions. The dual-edged sword of economic trade can certainly cut both ways and will persist for years that the massively debt-ridden Chinese economy is unprepared to weather. Years of ever-tightening financial constraints that will cause not only a deep recession but massive issues of bankruptcy and internal unrest.
The evil man has a natural, predictable advantage: he is not limited to any rule or principle or code that does work in his favor. He will not be honest about anything; his promises are made to be broken. Honor is not in his vocabulary. The only morality he recognizes is that which furthers his cause. Evil is far less tolerable of good than good is of evil. Fighting fair, to the evil man, is laughable.
Is this the same Hoover Institute that has employed George Shultz, General Mattis, Thomas Sowell, and Victor Davis Hanson (VDH)? If so, this article seems wildly left and out of sync with such a talented group of Senior Fellows.
Forgive me if I missing something, but the author seems to just be hocking the same old and tired “globalization” tripes that have caused so much damage to the U.S. economy and evisceration of our workforce with American jobs outsourced overseas to China or India. Does the author not see this? This is the whole reason President Trump was elected in the first place. Americans have been fed these globalization and “comparative advantage” lies for decades as they slowly watched their jobs, fortunes, purchasing power, and quality of life evaporate under Obama, Biden - and even President Bush before that.
The author’s lack of new ideas and lack of knowledge are equally alarming. Is he not aware that David Ricardo has been largely discredited by other economists, such as Joseph Schumpeter (i.e. “Ricardian Vice")? Does he also not know that China massively subsidizes its steel industry through outsized government subsidies? He seems to have missed out completely on the last two decades and to be wholly out of touch with the average American today in 2026.
The author may want to familiarize himself with the articles and work of his Hoover colleague, VDH, who has a much better grasp of these contemporary issues and challenges. He could also benefit by reading President Trump’s, “The Art of the Deal” on how to conduct successful negotiations. Unlike David Ricardo postulates, people and negotiations are much more complicated, complex, and nuanced than oversimplified economic theories can account for.
Instead of peddling old and hackneyed globalization balderdash, the author could add value by bringing new ideas - or at least new and credible information. He could start by answering the question avoided by all economists today - were other countries (including China and the EU) implementing tariffs on the U.S. before President Trump? If yes - and we were still buying their goods - then WHY wouldn’t we respond with reciprocal tariffs? This is just plain common sense and necessary for the long term survival of our country. Also, if life is so good without tariffs, then why have goods and the cost of living become so expensive for the average American citizen over the last two decades when there were no tariffs? Many Americans since then have become worse off than their parents under no tariffs. These are the types of questions Americans want answers to - not dubious theoretical drivel that doesn’t play out in real life.
Interestingly, I wonder how the Chinese will so ensconce themselves into the economies of Capitalist Countries that they will not suffer HARSHLY if they decide to…say…invade Taiwan. Their economy SURVIVES on exports…exports that will be badly affected by massive cancellations, embargoes and economic sanctions. The dual-edged sword of economic trade can certainly cut both ways and will persist for years that the massively debt-ridden Chinese economy is unprepared to weather. Years of ever-tightening financial constraints that will cause not only a deep recession but massive issues of bankruptcy and internal unrest.
The evil man has a natural, predictable advantage: he is not limited to any rule or principle or code that does work in his favor. He will not be honest about anything; his promises are made to be broken. Honor is not in his vocabulary. The only morality he recognizes is that which furthers his cause. Evil is far less tolerable of good than good is of evil. Fighting fair, to the evil man, is laughable.
The open trade policy is good for USA, but what happens if most of the jobs are exported overseas because of low cost of production?
USA 🇺🇸