"Trump uses the expression 'the mighty dollar.' A mighty currency does not need threats to retain its might.
"The same with the dollar. Trump's bluster gives the impression of weakness.
"When a country allows its producers to sell to consumers in America, there is no 'sucker.' Not the foreign govt, not the US government, not the foreign seller, not the American buyer.
"What Made America Great was free trade. Let's remember that.
"American power--like Britain's power before it--was built in trade not on threats. The more a country operates by forcing other countries to sacrifice their interest for the alleged interest of the country, the more it squanders its power, weakens itself.
"Production and trade are positive-sum games. The more everyone does it, the richer they all get. Threats, coercion, tariffs, trade wars (and actual shooting wars) are negative-sum games. The more countries engage in it, the more impoverished and weaker they become."~ Keith Weiner on the BRICs
Tuesday, 3 December 2024
"What Made America Great was free trade. Let's remember that."
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1 comment:
Amen. An increasing number on the right, even erstwhile libertarians seem to be forgetting this. Or more likely they never really knew it and the chickens are now coming home to roost.
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