Thomas Chadbourne - Globalization

Globalization

An early adherent of modern globalization, Chadbourne criticized isolationists and emphasized the necessity of world trade in establishing and sustaining American affluence: “Only the blind can fail to see that distance has been annihilated, geographical barriers smashed down, and that it is now an interlocked and absolutely interdependent world in which we live. he prosperity of the United States is dependent upon world trade. Our production, farm and factory, has been developed to a point where it is from ten to twenty per cent in excess of domestic demand, and any failure to find foreign markets for this surplus means the dislocation of our whole industrial establishment.”