And those of us who fell for it are deeply ashamed that we did because it was dumb then and even dumber now. Three, globalization has not worked for the United States. You can't have an economy based on real estate and finance. Sorry, maybe if you're Hong Kong or Singapore, but a continent sized country needs to make things. Finance and real estate are not productive industries. One just keeps reselling a piece of ground. (27:10–27:15)
CLAIM
Asserts that an economy cannot be sustained solely on real estate and finance.
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