Homespun Economics

Why were U.S. factories shut down? Because international transactions provide more opportunities for middlemen (traders, financiers, stockbrokers, importers, transporters, salesmen, jobbers, negotiators, lenders, translators) to capture some of the profit. As a result, the producers get less, the quality goes down and the price of the product goes up or stays the same. For example, towels that used to last fifty years now disintegrate in five.