Trade or the Trade Establishment?
Robert D. Atkinson’s “Four Myths about Trade” (September 12) are almost correctly stated; which is to say, incorrectly stated.
“The first assumption is that America is the world’s economic leader because it is the most open, entrepreneurial, and market-driven economy.” Mr. Atkinson’s evidence against this “assumption” (which is really a conclusion) is weak. While “other countries [are at least equal] in numerous areas” and “the United States runs [a colossal] trade deficit,” both were also true during America’s fastest growth period (between the Civil War and World War I). America’s economic jinx since then hasn’t been trade.