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There is nothing neo liberal about this. You can't say the US government has ensured absolute hegemony of neo liberal principles while it tarrifs the entire world and completely goes again all liberal values.
Also there is nothing socialist about industrial policy or public investment so no idea Why he's bringing up these two terms.
Maybe im missing something? What do people think socialism and neo liberalism are?
You are missing a non-US perspective.
Neoliberalism is very specifically a breed of political thought that came about with the likes of Margaret Thatcher and Jimmy Carter that seeks to create new markets out of previously held government bodies in the name of austerity or protectionist principles and cuts help for disadvantaged people. Think privatization of government service, liquidation of government assets under the guise of saving taxpayer money, removing restrictions/protections on the consumer market and manufacturing sector and dissolving the welfare state or services that soften the blow of being unemployed or unable to work.
Neoliberalism is often used by people on the right to describe the "Progressivish Liberal identifying party of the hour" but it is inaccurate. While Democrats flirt with Neoliberalism under the guise of courting people who like tax cuts Republicans are straight up Neoliberals. Basically old school liberalism believes in a body of rights, a reasonably unrestricted market and a democratic system of governance. Neoliberalism believes first and foremost the market will sort everything out (or is a scam so that people in government can sell it off peicemeal for personal kickbacks.)
Neoliberalism is incompatible and kind of the exact opposite of socialism which seeks to expand sectors of public protections and publicly held wealth.
wait this isnt Jackson hinkle
likely to resort to violence [...] to hold onto power
Oh good, then we can crush them without remorse. I do so love unambiguous villains.
Currently the best way to bring back industrial potential is to create state owned enterprises and have your own four year plan to either grow your SOE or establish infrastructure for private companies.
Oh, and, devalue the shit out of the USD if you want any kind of private investment.
What’s wild about the Trump tariffs is that they are not coupled with any industrial policy or public investment strategy that could plausibly deliver US re-industrialization. The result is that the tariffs will likely accelerate US industrial decline and general economic degradation.
It is truly fascinating to watch. Trump has so thoroughly purged socialist ideas from his economics departments, and has ensured such absolute hegemony of neocon principles, that his administration is incapable of conceptualizing and implementing even *basic* industrial policy that could deliver on the Executive Branch’s own stated goals.
Total self-delusion. The billionaire ruling class has no idea what to do, they are completely adrift. And this is dangerous because they are likely to resort to violence and geopolitical bullying in a desperate dying bid to hold onto power.
I think a better way to "reindustrialize" would be making wages paid to any domestically employed employee's wage, who isn't in the executive class, tax deductible, all coupled with a tax hike on corporations, assuming there's a workplace shortage.
Tariff policies are coupled with betting on stock markets. And so far the profits are bloody insane!
That "likely" is doing extremely heavy lifting there. That's akin to saying "it's likely the sun will rise in the east in the morning."
Just like the NAZIS.
Because this regime and all associated with it are NAZIS.
Time to start calling them what they are and preparing to deal with them the only way that NAZIS are to be dealt with.
I feel like even that is giving them too much credit. They're like wannabe Nazis, but not even smart enough to nationalize steel and auto industries.
Not forgiving the Nazis anything, and most of the "nationalization" amounted to confiscation of private (I think frequently Jewish) property. They were a hundred percent anti-socialist, but I guess they had one or two real economists floating around, so they didn't completely shoot themselves in the foot economically, like the Americans under Trump seem to be doing.
Nazis did Gleichschaltung, which wasn’t as much about owning, but about control. They centralized stuff, subverted and merged organizations. But indeed they also expropriate a couple of groups and looted other countries. That usually became national or party property. But people also took stuff for themselves. And they also destroyed property … like book burnings. The Nazis didn’t do well economically. It was part of their plan to loot and exploit other countries. German economy became most efficient when there were already fights on German soil, which means they didn’t work as efficiently as possible before that. England did a lot better due to having John Maynard Keynes on their side.
The nazis privatized a lot of things, save for public healthcare, which is pretty much the only thing the right talks about in case when they need to prove "the national socialists were in fact, socialists" somehow.
The nazis privatized a lot of things …
Oh I wonder why that isn't brought up more, what with right wing governments and their love of privatizing utilities.
Hungary's Fidesz even managed to do it in a way they can communicate it to different audiences that they have both nationalized and privatized it, by selling it to a Hungarian oligarch, but buying back 25% of it immediately to nationalize the losses. Fidesz managed to get a lot of former old tankies as voters by saying they're boing to build a "work-based society".
What dreadful perfidy. I guess the socialists and communists weren't fooled, at least? What a debate that must have been.
It's like hijacking a plane pre-9/11. Everyone knew you just followed along because the hijackers wanted something. Then 9/11 happened and hijacking the plane WAS what they wanted.
Tarriffs pre-Trump always were to pressure a change in some policy. Then Trump came along and tarriffs were the policy. But instead of World Trade Center collapsing, it is now just World Trade.
the only issue I take with this analogy is the comparison of an awful person that will kill millions to some terrorists.
It is like 9/11 but in the sense of the entire law book going out the door by using the excuse of "combating terrorism" and ending up where we are now.
Back when the Patriot act was laudly applauded and institutions like ICE were deployed to violate laws people knew this was going to be the end station.
Totally. Never let a crisis go to waste.
And if there's no crisis, invent one.
On 9/11 they had all the documents and bills ready to go. Sure was very convenient timing.
They knew OBL was planning something, all they had to do was sit back and let it happen.
That's, actually, a very insightful way of putting it. It genuinely seems to be like that.