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There was a sensibility for enlightened self-interest that Trump does not understand. Entities like the UN or WTO subjected the US to certain rules, but also su
by DiogenesKynikos 7y ago
There was a sensibility for enlightened self-interest that Trump does not understand. Entities like the UN or WTO subjected the US to certain rules, but also subjected everyone else to those same rules. For example, the US gave up the freedom to impose tariffs whenever it likes, but in doing so, ensured that its own companies would have unfettered access to foreign markets. Trump's strategy appears to be to tear down all multilateral institutions, and to bully each country one-by-one into accepting what he wants.
- FailEEStudent 7y agoAnd that's going swimmingly with global growth being the lowest since 2008 and low 2% US growth only being sustained due to insanely high fiscal deficits and monetary easing. Meanwhile business investment is in the toilet which bodes terribly for future long run growth since there is no capital deepening now.