Comment by austin-cheney

> For instance, globalization and offshoring of production has made goods cheaper for consumers, but what about the former domestic producers who could not compete

That misses the point on so many levels. First of all consider that this is a domestic problem too. What about all the businesses abandoning California for Texas because wages are so much lower to achieve an equivalent cost of living?

Cheaper goods produced elsewhere is not necessarily a security concern for the economy. Silicon produced only in Taiwan is a security concern for the US, for example, but rubber production isn't even though the US cannot produce natural rubber.

Finally, and most importantly, price depreciation of goods due to global options frees up American businesses and employees to seek more lucrative ventures as the market demands that would other not exist due to opportunity costs.