The revitalization of American manufacturing was one of the biggest issues in 2016 that got Donald Trump elected to the presidency. One of the consequences of economic globalization is that many American citizens lose their jobs. When production is shipped overseas, the product may be cheaper, but it comes at the cost of dozens of jobs at the very least and in some cases the destruction of entire communities. This is why Phyllis Schlafly advocated so strongly for keeping American jobs in the United States.
Jobs are created when private industry and individuals make a capital investment. The reason why American citizens enjoy such a high standard of living is that the free enterprise system has resulted in a higher capital investment per worker than in any other nation.
One of the strange quirks of liberal politicians, however, is the way they have deliberately caused the exporting of thousands of American jobs to foreign countries by writing provisions into Federal laws which make it more profitable for industry to make capital investments in other countries than in the United States. They do this by government guarantees of foreign investments, by government loans for foreign factories, and by lending money overseas at less than the going interest rates at home. The net result is that the laws of our country discriminate against citizens who invest money to provide American jobs and discriminate in favor of those who invest money to provide foreign jobs.
The best thing our government can do today to reduce unemployment is to end the rigging of our lending and tax laws which make it more profitable for industry to create jobs overseas. This is why Trump being an expert deal-maker was such a big deal. He was willing to do the dirty work to improve the terms of trade and work to protect American jobs. Economic nationalism is a necessity for the United States here in the 2020s, especially with the Communist Chinese increasingly reaching their investment tentacles into economies all across the Western world.
This post originally appeared at https://www.phyllisschlafly.com/national-sovereignty/keeping-american-jobs-in-america/
Phyllis Schlafly