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Government policies going back to Ronald Reagan have encouraged the export of America's manufacturing base and the importation of manufactured goods that increase corporate profits by the reduction of labor costs and through the externalization of environmental and public health costs. The correction for this begins not with protectionism but rather with the elimination of the perverse economic incentives that have fueled the problem for 30 years. For instance, the U.S has every right to restrict or eliminate imports manufactured in seat shops by de facto slave labor or that have been produced at environmental or health costs that would violate American law, nor should American taxpayers subsidizes the costs of companies that move their operations overseas. Also, the U.S. has every right to subsidize its export industries against trading partners who do the same. The world economy will not recover until the U.S. exports more and imports less.
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