noticed. As a result, an inherently domestic issue of internal income distribution now has much broader international consequences. Working Americans' fears center on the "new realities" of globalization--noted throughout this volume--and the possible emotional invocation by Buchanan and the like of the "great hiring hall" that may alter Americans' economic well-being in favor of "Asians and Latins."
A public dialogue is imperative so that the United States may build the domestic consensus needed to lead again. The positive economic story of free trade, along with abundant retraining assistance for needed adjustment, must be effectively retold.
What is more difficult to deal with is the foreign policy aspect of trade. For all the economic arguments in favor, free trade is based as well on the positive political and social interactions with foreigners that inevitably result. Nationalism and prejudice are emotional factors that numbers sometimes have trouble pushing aside. In fact, the very argument of economic nationalists is based on the principle that national identity, and not mutual gain, should be the touchstone for America's leadership in the world.
This contest is a fundamental "new reality" for the next century.