I could explain more but its very simple… until citizens don’t need to work to live we need to keep all the value adding work available to them so they can partner with a good balance of capital provided to earn a living and also provide a return on the capital value that they can also have the option to invest into once they have enough prosperity.
Globalization through labor arbitrage has diminished that work opportunity and has also destroyed the delicate balance between capital and labor.
What President Trump is doing is resetting that balance… Its about returning to post 1945 and stopping multilateral trade and uncontrolled globalization and moving on again to get back citizen prosperity.
John, another well written and knowledgeable essay. I always appreciate your point of view and the way history informs your viewpoint. Boy do we need more of this right now. I worry about what this era has in store for my 40 year old children and my teenage grandchildren. Have you considered an “advice” column that gives us aging boomers some continuing perspective and your wisdom? I know the history part is tantamount to understanding where we’re at. But a little informed advice and wisdom would be appreciated. Or just keep doing these marvelous essays. I’m a big fan of whatever you do.
Thank you for your kind words. I will give your suggestion some thought. I want to contribute whatever I can. I thought I would see how many people were interested in some economic perspectives on current issues. I don't know what might come next.
I could explain more but its very simple… until citizens don’t need to work to live we need to keep all the value adding work available to them so they can partner with a good balance of capital provided to earn a living and also provide a return on the capital value that they can also have the option to invest into once they have enough prosperity.
Globalization through labor arbitrage has diminished that work opportunity and has also destroyed the delicate balance between capital and labor.
What President Trump is doing is resetting that balance… Its about returning to post 1945 and stopping multilateral trade and uncontrolled globalization and moving on again to get back citizen prosperity.
https://nigelsouthway.substack.com/
absolutely perfect essay John. Now for action.
John, another well written and knowledgeable essay. I always appreciate your point of view and the way history informs your viewpoint. Boy do we need more of this right now. I worry about what this era has in store for my 40 year old children and my teenage grandchildren. Have you considered an “advice” column that gives us aging boomers some continuing perspective and your wisdom? I know the history part is tantamount to understanding where we’re at. But a little informed advice and wisdom would be appreciated. Or just keep doing these marvelous essays. I’m a big fan of whatever you do.
Thank you for your kind words. I will give your suggestion some thought. I want to contribute whatever I can. I thought I would see how many people were interested in some economic perspectives on current issues. I don't know what might come next.
Whatever you do I’ll be reading it.