So, why exactly did the Rust Belt rust? It wasn’t because of free trade or the marketplace. It was because of big business and labor unions.
Research has found that the Rust Belt began to rust up following the Second World War up until about the 1980s, prior to the rise of globalization.
Johan Norberg of the Free to Choose Network takes a brief look at why the Rust Belt corroded:
Like this article? Get ECN delivered to your inbox daily. Subscribe here.
Leave a Comment