American exports

In The American Interest, Tyler Cowen writes that American exports have a bright future for three reasons: better manufacturing technology, including artificial intelligence, that makes cheap labor less necessary; shale oil and natural gas reserves ripe for the fracking; and the growing wealth of the developing world that will enable consumers there to buy our more expensive products.

Cowen also predicts a number of effects that this will have on American society and politics, which are far out of the realm of my competence to evaluate. His optimism about exports seemed pretty well-founded, though.

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