The issue with this approach is that it is based on a flawed premise, there is little to no evidence that any of it works! Tell people that their jobs are being exported through rigged trade deals and that it can all be reversed by ripping them up and erecting walls, physical and economic. Trump claims he is a business man, so presumably he gets it? Well, we know that he does since he has been manufacturing goods and doing business overseas for decades.Įnter 'America first!'.this is not a strategy, it is a slogan And a very effective one. So herein lies one of the first troubling but inherent contradictions of what I refer to as the current highly personalized brand of economic 'management'.that of 'pinball wizardry'.ĭonald J. So countries that offer lower wage levels for comparable (or better) outputs will naturally be more attractive to manufacturers. There are provisos on quality and legality but that is the way things are. Business people want to produce with the lowest cost base available. Simple laws of economics dictate! We all want things as cheaply as we can get them. However, some people, and not just political commentators and those in the public eye, but regular people who have been horribly affected on so many levels by this whole situation are starting to look beyond this and try and define how we get to that 'better place' that the whirlpool of global sentiment is telling us exists beyond the horizon.īut let's be frank here, a lot of the outcomes of what we are seeing have been fermenting for a while so whilst trying to retain focus, I want to look specifically at how one aspect of the recent past has impacted events and how it needs to change. It will be a long effort and there will be setbacks and heroism along the way followed by an awful lot of analysis and debate then months and years of recrimination and blame apportionment. The world is slowly starting to gather it's collective forces in the effort to subdue the coronavirus. Could the USA's three year experiment in trade isolationism be coming to an end?
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