Wednesday, February 11, 2009
The World Is Flat, Except the Walled Parts
Open the doors and fix the problem.
In Jared Diamond's wonderful book, Collapse, one of the recurring characteristics of a society that deteriorates and eventually fails is isolationism. Cutting oneself off from trade, free trade, is a sure-fire way to wither.
But Buy American sounds so soothing and so simple at times of great national stress.
Problem with free trade is that it's got to be as free as possible for it to work. If we keep our walls down, the other guys have to do the same.
What is going to work? We'll know in about 5 years. Check back.