But to reverse free market forces does nothing but lower the standard of living for both countries. It displays a complete lack of fundamental economic undersatanding, specifically the Law of Comparative Advantage.
Yet. the boorish act is being viewed in Trumpland as something heroic.
This is the Drudge headline:
Whatsmore, the deal was done on the backs of Indiana taxpayers.
Sean Colarossi makes clear what really went down:
The president-elect is likely to claim that his great dealmaking skills are responsible for making the agreement happen, but what he won’t say is that United Technologies – Carrier’s parent company – was basically bribed with taxpayer dollars to keep a few hundred jobs in Indiana – and it had nothing to do with Trump himself...
According to CNBC, “There were new incentives on offer from the state of Indiana, where Pence is governor, that helped clear a path for the agreement.”
In other words, Pence served up a massive, taxpayer-funded handout to the company in order to score a short-term PR win. Trump will claim victory on Thursday when, really, it was a state-funded handout that convinced Carrier to keep some of its employees in the state.A bully is about to enter the White House, who appears willing to go to great degrees and trample over free markets for a photo op.