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by thawaway1837 2396 days ago
You’re right. It wasn’t fair.

It was heavily weighted in favor of the US which is why the US became the richest country in the world and benefited the most from international trade.

Classic example are the complaints about Apple products being manufactured in China. However, as study after study has shown, a $600 iphone probably leads to economic activity of about $40-$50 in China at most, with a further $50 or so in the rest of the world, and the remaining $500 being generated in the US.

The US had a massive problem which is that this tremendous wealth that was generated was thanks to a variety of reasons concentrated amongst a few people right at the top, and unlike in decades in the past the benefits stopped trickling down to the rest of the country. But the real problem was an internal distribution one, which the current administration only served to exacerbate.