Mark Blyth's article discusses Donald Trump's efforts to reindustrialize the US economy through tariffs, predicting widespread economic disruption. It challenges the notion that these policies are driven solely by personal gain, suggesting deeper underlying issues.
The article acknowledges concerns about corruption and the Trump family's involvement in cryptocurrencies, but argues this might not be the whole story. The author suggests that both major US political parties have abandoned free trade in pursuit of similar goals, indicating a broader trend beyond individual motivations.
Blyth's analysis highlights the far-reaching implications of Trump's tariffs on the US economy and the global landscape. It emphasizes the need for a deeper understanding of the political and economic forces at play, beyond simplistic interpretations of corruption.
Donald Trump’s attempt to reindustrialize the US economy by eliminating trade deficits will undoubtedly cause pain and disruption on a massive scale. But it is important to remember that both major US political parties have abandoned free trade in pursuit of similar goals.
PROVIDENCE – With the Trump administration imposing “insane” tariffs on the rest of the world, many commentators are worried about the problem of “sane-washing”: imputing cogent rationales to policies that have none. Such naive punditry, they argue, distracts from the grift that is unfolding before our eyes. The Trump family’s moves into the crypto sphere – where its meme coins serve as an open invitation for bribes – certainly support this interpretation. But is this the only conclusion to draw, or could something else be going on?
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