, in some cases, foreign takeovers increase
             job security as it prevents many companies from folding completely,
             enabling workers to at least keep their jobs. Moreover, an increased
             reliance on cheap imports makes for a more thriving market, one that boosts
             the local economy and brings prosperity to American consumers. Insuring
             domestic production of goods in the name of national security also makes
             little sense, according to Legrain, who notes that "the cumulative cost to
             American consumers of higher steel prices since 1969 has been as high as
             $151 billion," (34). These higher prices are the direct result of overly-
             protectionist policies. The author focuses the bulk of Chapter One on the
             American steel industry, but his theories can apply across the board to all
             old-school, pre-information technology industries. The key is to flow with
             the changes and to capitalize on globalization. For this end, Legrain
             proposes a four-pronged solution: more vocational training and skills
             improvement for all workers; assistance for job finding should people lose
             their livelihoods; subsidies for those in low-income positions; and a
             generous welfare system (45). Interestingly, Legra
             ...