Economic Ignorance: Foreign Investment Meets Backlash!

In an unfortunate twist of irony, Peter Navarro, an economic adviser who once advised Donald Trump, has raised alarm bells against BMW's multi-billion-dollar investment in South Carolina. He argues that such foreign investment harms the economy. This reflects a fundamental misunderstanding by so-called economic experts about the role of capital goods. Investments like these bring jobs and technological advancements, benefiting local economies. The real tragedy? The growing aversion to such investments only serves to underscore ignorance, fear, and a lingering distrust of global economic cooperation.