Argument: Free trade sacrifices national unity to economics

Issue Report: Free trade


  • Patrick J. Buchanan. “Free Trade is Not Free, Mr. President”. The American Cause. May, 2001 – “Do not Americans see what is happening to their country? As our dependency grows, our bonds of unity dissolve. ‘Buy American!’ is now stupid; buying cheapest is smart. Trade deficits have given Asians and Europeans the dollars to buy 10% of our stocks, 20% of corporate bonds, nearly 40% of our public debt. Our current account deficit is 4.4% of GDP, an unheard of figure that portends a collapse of the dollar after we have been denuded of our factories.”