Trump Blew Globalism Out of the Water

...and those that were profiting from it by siphoning money, infrastructure, and technology out of the country are madder than hornets.

A society has the right to protect what the society as a whole enabled and invested peoples' lives in. Capitalists need to understand this basic fact or at some point in the future we will all be subjected to a win by someone espousing the same philosophies as Sanders.

As far as the New World Order goes--perhaps Trump will be able to spare us from the mindless population and cultural shuffling that is being promoted by the UN, fronting for whose interests is anyone's guess.

 

If that's true then a fifth of our economy is gone

 

Just a note. The last time a President tried to go all protectionist on the world his name was Hoover. Several years later, the
world entered The Great Depression. Trade wars are no fun for anyone.

Over one million Americans make their living trading and working in Mexico with American companies or Mexican companies.
Mexico buys about $400 billion dollars of American goods.

Trade is a two way street - Mexican workers buy American goods in Mexico.

Just say'n.

 

I misspoke 14% of our economy is based on export

 

What is called globalism, globalisation, has been with us since mercantilism was a thing. It's almost a force of nature.

Competitive advantage - http://www.investopedia.com/terms/c/competitive_advantage.asp - is what it's about.

Since it can't be stopped then why not work to develop a competitive advantage?

 

Winning!!!

 

Right now we do not have one. We have been exporting the wrong things--our own infrastructure and technology. That is not how one wins long term.

America for some time now has been sold out for short term gains.

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Hoover was denigrated for years, but I hear that more recently kinder things are being said about him. You might want to check that out.

 

He is creating a new order. The old order was corrupt as hell and for decades. This was long overdue.

 

One does not need thousands of pages of regulations to free trade

 

America became innovative and rich after world war 2 because europe was destroyed and it had no competition, today trade is a handout to rebuild europe and the third world at the expense of America's poorer half.

 

Next time maybe post something that relates to what you're quoting

 

History proves you wrong. Every major stock market crash, 1929, 1987, 2008, occurred after years of Republican corrupt economic policies.

 

Perhaps it was because the United States - as you say - was in good economic condition and could benefit from the end of empires which the Second World War brought about. The end of empires meant that free trade could begin to develop. There were some golden years for the US but change was on the horizon (I know, I'm really knowledgeable in hindsight ) with the development, in particular, of Asia. I think perhaps that Asia at that time had the competitive advantage of low costs (especially wages).

But there was more. Some years ago I attended a small group lecture by a professor from Boston University who had come to Australia to speak to our peak union body. Among other things he gave a really interesting explanation about how the steel industry in the US was undone by steel producers in South Korea who used more advanced production processes than the big US steel companies. That stuck in my mind.

Now an admission of complete failure on my part to understand what could change. A colleague of mine went to China in 1982. In 1983 I remember discussing China with him and he told me that China was going to be a world power. I disagreed vehemently with him. I told him China was communist and from an economic perspective it was a third world country. How wrong was I? That came back to me a few years ago when I was in Hong Kong. I had been out to lunch with a friend who lived in HK and he told me on my way back to the hotel I should take a look at a barracks in HK. I followed his directions and had a quick look as I walked slowly past. I saw two sentries in smart uniforms, not the old green and flat caps. I had a glance at what looked to me like a huge number of soldiers in the barracks. When I took this up with my friend that night over a few beers he told me that the soldiers were garrisoned and stayed in barracks so as not to frighten the locals but they were there in case anything went wrong in HK. He made it clear to me that HK was definitely under the strong control of Beijing.

But back to my first point. If there has been failure for Americans it lies at the feet of corporations who failed to see what was happening in the world. Just as the South Koreans cut the lunch of big American steel companies so it has happened to other industries. American corporations failed to innovate and American workers suffered. But did American corporations innovate? No, they simply shifted operations off shore to lower wage (costs) societies. Can you blame them? They were able to take advantage of lower costs to produce goods which sold at lower prices, especially in America. The corporations won, the consumer won, American workers lost.

I don't have the answers. I know the same things have happened in my own country and our government has failed to understand and respond constructively has cost our workers too. Creative responses are required but not protectionism and an end to free trade. That can only take us back to the times when empires contested trade and we know how that eventually turned out.

 

I know offshoring is a big Boogeyman right now that everybody likes to hate but reality is automation is much much more an issue in terms of job loss then offshore is the reality is the economy is actually doing quite nicely and there are plenty of jobs out there if the people in the Rust Belt wanted a job they're going to have to move but there's 5 million jobs going wanting in the United States right now

 

Is that what you have deduced from Trump's 'promises'? Want to buy a bridge? The bottom line is that Trump and his billionaire cabinet are the elites he professes to despise, they are the 1%, they are the representatives of self-interested corporate America, and are exactly the same people whom he railed against while campaigning. You bought the lies and deceit, you live with it.
When is Trump bringing the jobs he outsourced back to America, by the way? Any time soon, do you think?

 

I don't think Trump wants any trade wars or to stop trading with anybody. He has never said that. I think what he wants is trade that benefits America and those we trade with on a fair basis. Our annual trade deficit is around $500 billion right now. Somewhere around $300 billion of that deficit is from trade with China.

 

Yeah , yeah, yeah,....you were trying to implicate Trump's opposition to NAFTA and TPP as a desire to kill 14% of the economy.
Sorry your transparency got in the way.

what's a "job" ?
People need income not jobs.
Waiting tables at Denny's is not going to provide the income that supported the economy created by years of debt based consumerism.
Now we have a tapped out consumer base with no ability to take on more debt or service existing debt, high costs courtesy of years of cheap credit, a banking system that is dangerously over leveraged and a missing manufacturing base.
Yeah we're doing great. You're dreaming.

 

your desire to kill our economy is pretty transparent

 

Both sides have good points.

Protectionism is just as bad as faux free trade.

 

i didn't kill it, the (*)(*)(*)(*)ing bankers and their whores in government who let them financialize the economy killed it.
And you think we're doing good.

 

With tax free American dollars wired to Mexico from undocumented, its not as cut and dry as you make it seem

 

when you look at facts we are doing good. try to control the fake facts a bit

 

your post is just spewing ignorance. go do your homework before you post crap.

 

eight years of ZIRP says you are a parrot.

 

yet the economy is still doing good.