A bit of Pro Trump propaganda on USA Today caught my eye:
Quote:
Trade predators destroy U.S. jobs
For too long, America has been led by a naive embrace of free trade that overlooks the predatory behavior of our trade competitors. Widespread trade cheating and poorly designed trade deals have led to persistent U.S. trade deficits causing job losses, manufacturing decline and income stagnation.
Many nations push their currency values lower, and the dollar higher, to gain a price advantage in global market at our expense. Their governments subsidize manufacturing in order to “dump” product in the U.S. market at below cost. These predatory practices violate world trade law and destroy American industries. Thankfully, President Trump appears willing to confront such abuses by punishing trade violators and renegotiating job-killing trade agreements.
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But here is where it gets interesting:
Quote:
Too many of our leaders have simply overlooked a world increasingly dominated by strategic competitors. China has built up massive manufacturing capability through strategic government subsidies, currency manipulation and import controls that advantage its government-owned companies...
America’s national interest is to restore jobs and economic growth by reducing our trade deficit. Trump is finally changing America’s course by recognizing that the free-trade myth can no longer drive our economic policy.
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Libertarianism is falling out of favor even by Trumpsters. This is most likely because it doesn't work and is to blame for much of America's decline over the last 30-40 years.
Libertarian economic prescriptions have been an utter failure -- that do nothing but destabilize countries and create tiny pockets of rich people.
Centralized state planning is an unfortunate necessity.
01-24-2018, 05:33 PM
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