Author, 'Free Trade Doesn't Work: What Should Replace It and Why'
Posted: 06/ 1/11 02:03 PM ET
I don't enjoy saying "I told you so" on this one, but it appears that the much-heralded manufacturing rebound is indeed a bust.
See this report (condensed story here) from the Institute of Supply-Chain Management, one of the standard sources on this question.
They report that manufacturing growth has slowed to its worst pace since September 2009.
And I did tell you so: here, here, here, here, here, and here.
The answer? America needs to end its trade imbalance by repudiating free trade, then we need to implement some serious domestic industrial policy to fix our innovation deficit.
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