Maybe we should tax all these billionaires to invest in infrastructure and manufacturering. Elon was happy to take government handouts to start his companies.
You do realize we didn’t give Ukraine our advanced munitions to use? And part of the Ukraine funding package was to spur investment in production capabilities domestically. Did some popular Twitter person just now tell you something that has been known for well over a year? I’ve seen you and others all of sudden start bringing up the “warmonger angle” against China.
The US is the second largest exporter of goods And the US is the largest exporter of services. It’s always curious how so many folks forget the whole services angle and how the US dominates there. But yes, the trade deficit isn’t a bad thing.
By showing the world we have a coherent plan… not taking that tough talk and then back peddling…. let’s start there.
We get stuff by printing paper. That's what countries go to war for to achieve. That is the benefit of spending a trillion on military a year.
This administration right now is like "have you thanked us for using our currency to make sure we have global hegemonic power" to countries like Bangladesh. It's so funny and pathetic at the same time. With Trump, I sincerely can believe this dude is so clueless he doesn't understand the basic dynamics of American capital interests purposively converting America into a consumption engine with unlimited resources because the command all the resources through the use of the dollar internationally. But the people around him? They have to know all of this is bullshit? Right? Trump supporters and even some liberals are going to be angry about what I'm about to say: If you want a sincere return of manufacturing labor jobs and strip China of being the global manufacturing hub of the planet, you gotta "cheat" like China does in the sense of having a command economy that has the ability to seize private capital and master plan a manufacturing infrastructure base. The scale of this desire to return manufacturing back to the US is so daunting and large, only command style economy like China could execute such an endeavor. Throw out those neo-liberal Chicago school economist failures and realize that the free market will never organize and cooperate in unison to achieve such a daunting and large scale task. I mean this is the only reason the EU still is clinging on to the US over China. Because at the end of the day the leaders of the EU have the same capitalist ideology and incentives as American leadership and the EU sees America as a defender of capital interests and a defender of the current wealth hierarchical class that they are deathly afraid of with the potential of China replacing America as the hegemonic power because now the hegemonic power believes in stuff like... stripping assets from billionaires... or command economies that don't inherently benefit the ultra wealthy capital owners etc.
in the age of globalization, that's how leading nations (UE, EU, BRIC, etc ) do it; but the US (one w the global reserve currency) can do it much more than others
Also if America throws away its soft power like Trump is doing... those 800 foreign miliary bases that exist for security and trade relations turn into 800 foreign invasions.
An op-ed from the conservative-leaning WSJ, The Trade Deficit Is a Sign of Wealth Our trade deficit simply means that foreigners are working more to serve us than we are working to serve them. Foreigners want dollars. They hold on to them. They don’t use them to buy more goods and services from us because they need the money for international transactions. The U.S. dollar is the primary currency used for world trade. It’s also a secure store of value. So long as our inflation rate isn’t too high, the U.S. dollar is useful, safe and secure. Around the world, the ability to hold wealth in a secure form is incredibly attractive. So the U.S. is in the business of selling financial security to foreigners. That’s why they are willing to hold U.S. dollars. If the security we sell to foreigners were counted as a service, we’d have no deficit. The best way to make America great is to ensure that we continue to be the most important economy in the world. Tariffs will reduce the world’s dependence on the U.S., which will make us poorer and less secure.
