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Why is globalization good for America?

Updated: 10/24/2022
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13y ago

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Globalization has led to strong reduction of the "American Dream."

The United States used to be one of the strongest manufacturing and textiles producing countries in the world. Now, the millions of jobs in the steel mills, coal mines, and energy sector are being outsourced overseas.

Americans, especially the middle class, are finding themselves in tighter and tighter positions economically. Add to the equation that the American dollar continues to depreciate at a rapid pace and the whole economic avalanche of destruction continues for the average American.

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