Thoughtful and sensible, but I'd argue with one point. Globalization is not an irresistible force of Nature. Governments can take several steps to counter its effects. Look at Turkey and Germany. Both are thoroughly involved in exporting and importing, and both have maintained large manufacturing sectors without "going cheap". It's a matter of shaping ALL gov't policies (trade, education, taxation) to FAVOR local manufacturing and DISFAVOR the parasitical financiers.
Thoughtful and sensible, but I'd argue with one point. Globalization is not an irresistible force of Nature. Governments can take several steps to counter its effects. Look at Turkey and Germany. Both are thoroughly involved in exporting and importing, and both have maintained large manufacturing sectors without "going cheap". It's a matter of shaping ALL gov't policies (trade, education, taxation) to FAVOR local manufacturing and DISFAVOR the parasitical financiers.