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0 sats \ 0 replies \ @Solomonsatoshi 1h \ on: America-First Economics | MAGA Economics | James Rickards | Hillsdale College econ
Trump is recognising and responding the threat Chinas mercantile economy poses to US hegemony.
This is quite an achievement given that most US voters do not understand the extent of the challenge facing US hegemony.
Trump is doing probably as much as can be done but the real question is whether it is enough.
I doubt it is but at least it is a start to responding to the challenge well ahead of the populaces ability to even acknowledge the problem.
The reality is China enjoys a significant lead in terms of its strategic investment in gaining domination over the acquisition and implementation of industrial and post industrial technology and production.
In the realm of energy China has a huge lead in electricity generation while USA is regressing upon increasing dependence upon fossil fuels.
USA is on the back foot and has probably lost the game- but time will tell.
Increased financialisation will not fix the damage done by decades of neoliberal sabotage of the US industrial base.
Only rebuilding the productive capacity of the US economy will stand a chance of responding successfully to Chinas mercantile program.