The long-run prosperity of the West Depends on the capacity of its entrepreneurial individuals and firms to creat and satisfy new consumer wants.When the new-want capacity is in good repair,job"losses"-through improvements in the efficiency of domestic production or through outsourcing to low-wage countries-enhance standards of living.If this capacity is impaired,neigher the low road of protection nor the high road of free trade will take the country in the right direction.



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