"The Cost of Free Trade: Unpacking Milton Friedman’s Legacy" part 1
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"The Cost of Free Trade: Unpacking Milton Friedman’s Legacy" part 1
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About this listen
This episode unravels the loss of over 10 million U.S. manufacturing jobs, spotlighting the offshoring to low-wage countries like Vietnam, China, Mexico, and India. We’ll dive into the collapse of Youngstown, Ohio, Flint, Michigan, and Kraft Foods’ Oreo plants, plus the rise and fall of Houston’s Compaq Computer Company—once a tech titan, undone by Chinese clones—all tied to Milton Friedman’s free-trade ideals that didn’t pan out for American workers.
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