His fake conscience is uneasy:
We all know that there’s no fucking way in the world we should have microwave ovens and refrigerators and TV sets and everything else at the prices we’re paying for them. There’s no way we get all this stuff and everything is done fair and square and everyone gets treated right. No way. And don’t be confused — what we’re talking about here is our way of life. Our standard of living. You want to “fix things in China,” well, it’s gonna cost you.
This is a real problem. One simply can’t manufacture anything in the West if one wishes to be able to sell it to Western customers. And then, the fact that Western customers aren’t actually paying for a significant percentage of these things, but buying them on credit only compounds the problem.
Add David Ricardo’s theory of Comparative Advantage to the list of things supposedly settled of which I have grown skeptical.