Comment by bigyabai
11 hours ago
His policy will not work. You cannot pivot America into a second-sector economy while denying China the third sector. Macro 101 stuff: https://en.wikipedia.org/wiki/Secondary_sector
America has two options; either become the slave of China and enter our century of humiliation, or deny Chinese access to free trade by competing in market economics. Protectionism does not balance America's trade deficits, and US citizens cannot compete against Mexican labor (let alone Chinese prison labor). The economics of it genuinely don't get any simpler than this; American manufacturing will be for naught if we cannot compete in a free market. We already have a successfully financialized economy, throwing out Reaganomics for an even more shit deal is peak neoreactionary nonsense.
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