It’s safe to say that almost no one loves globalism anymore here in the United States, and that lots of people — no matter if they are MAGA or Woke Libs or degrowth leftists — support bringing production back from abroad. And there are lots of ways of doing it without causing immediate price shocks and immiseration to people on the poorer end of the spectrum, if our ruling class was really serious about it. Trump, though, has been going about it in a very specific way so far: 1) he’s shocking the system, with what seems like a plan to make sure that it will be hard to go back to globalist normal…and 2) he’s putting all his faith in the power of unrestricted market forces, guided by nothing other than costs and prices and profits, to do the job of bringing America back some hybrid version of the 1950s and 1920s, when this country used to be a great industrial power with belching factories and trad values. One thing that Trump and Trump’s people are definitely not talking about is subsidizing or providing government support for local producers, which would ease the price increases and the shock and the pain that’ll almost certainly hit people if his edicts stay true. At the same time, he’s waging a war on social programs and the regulatory and welfare state, another source of support for people. (Naturally this doesn’t if we’re talking about Our Beautiful Corporate Military, which is about to get its biggest budget allocation in history.)
Trump channeling the Yeltsin Mindset
