Mhmm and what adds more value to an economy, a machine line worker or a service worker? One has a union, one doesn't. Globalization hardly stifled the banking job, if nothing else it made more of them which leads to greater income disparity because it has largely cut out the middle machine line jobs.
A north American market COULD make most things. We don't have the raw resources to do so, but we could import that and make everything ourselves. However, that would turn Mexico into a first world country because there would be so much manufacturing there which would drive up their wages until America became the place to build stuff cause Canada would still be less desirable place to build.
That being said, stuff would still cost more, you may be making more money, but stuff costs more so what have you gained? And don't give me any BS about "its American made so its better" or "stuff that costs more is better" because that's BS and you know it. For years Made in America stuff was cheap schlock that no one wanted.
You are promoting protectionism, which sounds just lovely on paper, but has proven time and time again to not work.
Current Globalization does not work well because the rich countries, America, Japan, China, the EU, Russia has subsidies on stuff which !@#$% up the global economy and leads to unevenness and more poverty for the poorer nations.
As to Oldsmoboi, you are probably right, we are beginning to have fire sales on stock prices, which will lead to some VERY EXCELLENT buys here shortly. As to the credit freeze, im not really sure how severe of one there is because i have heard of several people who have successfully been able to attain car loans, through automotive finance arms and also through banks and credit unions. That being said, i don't know anyone who has tried lately to apply for a house loan. I imagine that banks will be playing it safe for at least a year though, but i may be wrong.