middle-class economics free trade protectionism

The Myth of Middle-Class Economics

Middle-class economics is not what any of the political parties would have you believe it might be in the form of tax breaks and any other incentive you can think of. Middle-class economics is one thing only: protectionism. Why? Because, no tax break will restore your lost job at the abandoned steel mill. No college degree will find you a job in an industry that has long been shipped overseas. Nor will a stimulus package make your wage internationally competitive. Only sky high tariffs can save the middle class, because factories are the economy.