comment:question I put to Nobel Economics Laureate Robert Mundell last week. In an interview on the fringes of the Astana Economic Forum in Kazakhstan, Mundell did not pull his punches. One of the chief architects of Reaganomics and a lifelong advocate of trade liberalization, Mundell now raises a large question mark over the continued viability of free trade. “The United States can’t keep a completely open system if the rest of the world is less open,” he said.
This is not that recent an article, about a month old. Anyway, I came across the name as I was researching the so-called Lost Decade in Japan. Fingleton doesn't think there was such a thing, and that Japan has actually done quite well. I'm not so sure. But Japan may not have done as badly as America has. That's where he makes his comparison and on that one, I agree.
Anyway, a theory that I have been developing is the Oikophobia theory. America's elite really hates its own people. Instead of supporting us, they'd just as soon get rid of us if they could. That's why they want illegal immigrants. That's why they spy on us. That's why they want to take away our Bill of Rights. We're just a big pain in the neck to them. We're in the way. In some cases, they'll just pay us off, and keep us quiet while they replace us.