top | item 46993447

(no title)

csb6 | 17 days ago

One way to view the history of the Republican Party is a power struggle between Wall Street and regional/small business owners. Wall Street understands that the U.S. consumer economy depends on international trade to provide cheap, abundant goods and so supports free trade, immigration of skilled workers, and foreign aid/interventions to further U.S. business interests. For them, the culture war and nationalist rhetoric is a way to get Republican voters riled up but they don't really believe any of it.

The regional/small business owners are always threatened by competition from larger international firms and benefit less from international trade. They believe in the nationalist rhetoric and are opposed to free trade because it undercuts their businesses with cheaper products. They think the U.S. can remain the world's superpower without running a trade deficit and doesn't need to build alliances to maintain its power. This is Trump's base, and their misunderstanding of U.S. power is why they love the idea of tariffs. (good for local producers!) They want to get all the benefits of being a superpower without any of the costs.

discuss

order

No comments yet.