Wednesday, January 25, 2017

Trump, trade and the death of neo-liberalism

Trump, trade and the death of neo-liberalism: Distinctly Catholic: Trump

MGB: The neo-liberal order is alive and well and will thrive as long as Wall Street is under-regulated (and tapped to find a Treasury Secretary) and tax rates are set low enough to control wage push inflation. Workers, especially white workers are putting their trust in a GOP that will not change tax rates to help them, so the realignment to the GOP is temporary.

Meanwhile, the Republican elite will blanch at the naked appeals to the alt-right. Bannon may have broken the GOP more than given it a long term advantage. Sadly, Clinton played into that push by going back to using abortion to rally female voters rather than continuing the Obama meme that the pro-life movement was a GOP scam (which worked by the way - I was the one who suggested it to NARAL).

While the Trump stance on trade is a departure from the GOP meme (which I wrote about on my blog years ago), it is likely too little too late. Whether he does anything about the governance procedures is TBD.  On trade, the ultimate answer is cross border employee ownership, which is more than solidarity and more than the unions are willing to do. As for the rights of the alien in Torah, that applies as equally to Palestinians as it does Central American immigrants.

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