Quote:
Originally Posted by Pete F.
Floridaman's policies are just as great a long term threat to the American economy as that posed by the Sanderistas.
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Floridaman's policies are not
long term. Trade wars are not meant to last long term. They are meant to resolve trade issues in the short term.
Before the Floridaman, we had the stagnant NewNormalman who resolved to continue the managed decline of America in the face of a presumed inevitable rise of China to replace us as the dominant world economic power which would take our place and replace the dollar as the primary world currency with its own Yuan.
Apparently, protectionism in other countries, at the expense of the U.S., didn't suffer the consequences in some of those countries that you say it should. But, it is likely, that if the U.S. decides not to be the patsy anymore, then that foreign protectionism will collapse, as you say it should. Ergo, the need for the U.S. to fight back, not by military war, but economic war.
Some of the Trade policies that hurt us pre-Floridaman have been peacefully negotiated (NAFTA, Japan, SKorea). Britain is coming up. China is in the works. Our economy is in fine shape. The new trade relationships should help to keep it that way.
If that all falls apart, it was heading into crap anyway.