the economic story of our generation has been greatly affected by the rise of China as a great industrial power.
With more than a billion educated people desperate for work, China has devastated American manufacturing. For the first time, the latest American generation is not as well off as their parents.
Globalism, powered by transportation and communication advances, has brought prosperity to much of the world. Unfortunately, it has come at the expense of America, which no longer enjoys the economic domination of the past.