While NAFTA, China WTO and other international agreements have been advertised as opportunities for corporations to take advantage of greater globalization, America’s political leaders balked at maintaining a strict antitrust regime at home. This dreadful combination has corrupted free trade and caused much more pain to American firms and workers than ever needed to be.

If Trump and his followers are truly serious about bringing manufacturing jobs back to the U.S. and unleashing the power of real competition, they could start by breaking up the oligopolies that rule so much of American business and enforcing current antitrust legislation. Then, and only then, can the playing field be level — and America’s dynamic system of capitalism once again work for all of its citizens.