The Root Of The Problem
Walmart owns a fleet of about twelve huge ships--they ply to America loaded to their Plimsoll line--going back to china all they have is water in the hold so they don't capsize. China is (sort of) doing ok--with our money--take that money away and they would sink so fast people would still be talking about it a thousand years from now--so, lets make that happen. Here's how, start ratcheting in a tax on outsourcing--1% the first year, 2% the second--etc--and keep it up until outsourcing is at about the level it was at in 1990. This would put 20 million American back to work, they would pay taxes, and our economy would be booming--yes, "stuff" would cost a bit more--but our economy would be so stimulated that we would easily absorb it (and with our robust economy our rich would become even richer). As for China, well, who'd miss them? What good have they done for you lately, and the weight of their billion plus people would drag them down, well, almost like something falling into a black hole. On the other hand we can continue to export our capital, have tens of millions of Americans jobless, and energy prices going through the roof (because all that capital we ship abroad stimulates those economies to compete with us for a very finite amount of fossil fuel). The bottom line being there simply isn't enough energy available in the world for the billions of third worlders to live like Americans--but if we don't quit stimulating their economies we'll soon be living like they do--this is a choice we have to make.
Stan