>He said that eventually all the people that do your manufacturing will become as wealthy as you and then you will become their slaves

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But then they loose their comparative advantage, the reason people traded with them at all, and those low-cost manufacturing firms will move elsewhere, and you'll just import/export intermediate white-collar goods. Like, there isn't a bubble to burst.

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Really -- you should ignore the veiled fear of the "foreigner" and just think of trade as a technological black box -- that there its a whole different country is irrelevant. You put in good x, and it spits out good y. And the greater the difference in prices x and y are, the more it will spit out. That the box is actually a country across the ocean is irrelevant.

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>And the financial sector being what it is, went insane with that power, gutting the American dream in the process and making the Elites of the country superwealthy.

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power to do what? make loans? People want to limit the supply of housing and are surprised that prices balloon. Its baffling.