The "Global Economy" has been there for several centuries. The US just didn't understand that very well when THE REST OF THE WORLD opened up and your leadership did not have the vision to look outside of its own borders. Trying to "regulate" things to "protect" yourself from the outside world is exactly what you would NOT want to do. Instead, you needed to "have your crap together" with respect to INTERNAL structure. In other words, you had to do exactly what you proposed to avoid - be competitive.Let me start out this way if a person,a business, a country can not take care of their self than how can they take care of anyone else, please explain that to me? Apparently those with economic sense did not understand or did not GAC about what global trade would do to our ability to provide GOOD job opportunities to our citizens. If global trade had been brought in with an eye to the future the impact that it would have had would have been less severe. A global economy is coming for the good or the bad but it did not have to come as fast as it did. We could have protected some businesses while allowing some to go to other economies. The transition could have been regulated.
Which is precisely why I wrote what I did about HOW to tax to make that happen. BUT: it is about a lot more than revenue. It is about living within your means.Every one wants to make this a pissing contest about taxes, when what we really need is revenue, revenue produced by jobs that stimulate our economy not the economy of foreign competition.
The US will NEVER return to its relative status of the post-war decades because it did so when the rest of the world was lagging far behind. That is no longer the case, and hopefully never will be again. However, instead of learning to compete with those growing economies, you are suggesting (and the US is doing) exactly the opposite and trying to figure out how to hide from the challenges that you MUST meet to even maintain the shambles of an economy that you still have. THAT will not happen until everyone wakes up and realizes that you need to employ capital productively instead of following the idiotic idea that everyone can just live off of pure speculation (everyone's favourite "the Market").We all need to quit pointing the finger of blame and look at how we are going to survive as a country, you can come up with all of the rhetoric you want to but the truth is our country is not and may never recover economically because of PPM and some short sighted rush to a global economy
In short, people have to get off their fat arse and actually PRODUCE something. You can't regulate and protect what is not even happening.