pcr asks, and answers some good questions surrounding trump ordering corporations doing business abroad to come home;
Can the American Economy Be Resurrected?
Paul Craig Roberts
“Lenin said that capitalists would sell the Communists the rope to
hang them. But as matters turned out, capitalists let China sell them
the labor that served to hang American capitalism.” — Michael Hudson
I was surprised to be given credit by readers for Trump ordering
American corporations out of China and to bring the jobs back to the
American workers that the corporations had abandoned. American
economists, financial media, and Washington policymakers had never paid
any attention to my analysis of US economic decline in terms of
globalism and the offshoring of US jobs and technology, and I thought
readers hadn’t either. Many readers tell me that economics is over their
heads. My economic articles are the least read on my website.
I was again surprised when foreign media, including Press TV in far
distant Iran, immediately contacted me requesting an interview about my
influence on the White House. What does it all mean?
First, I will say that it is possible that someone showed Trump my latest column ( https://www.paulcraigroberts.org/2019/08/21/what-globalism-did-was-to-transfer-the-us-economy-to-china/
), and that the light switched on. But it is also possible that Trump
ordering the corporations home is just an escalation in his threats and
reflects not his understanding but the impotence of tariffs to correct
the lack of good jobs for Americans and the decline in their real
incomes..........https://www.paulcraigroberts.org/2019/08/26/can-the-american-economy-be-resurrected/
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