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Musicmystery -> RE: Bannon plans to install 'Economic Nationalist' candidates in the GOP (10/14/2017 8:14:20 AM)
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quote:
ORIGINAL: heavyblinker
quote:
ORIGINAL: bounty44
since you struggle with logic, bannon has no real power to "install." all he can do is use his dollars and public influence, like any other private citizen.
and also how terrible that someone wants to be represented in congress by someone in agreement with his own principles.
any chance you can turn the thread into a legitimate one regarding the issues of economic nationalism as opposed to globalism instead of bitching about steve bannon?
as usual (for the lefties), you don't understand the view of the "usual suspects" especially as this particular issue has so many varied manifestations.
you might start by giving bannon's (as opposed to a generic one) understanding of economic nationalism.
So basically using the word 'install' and publishing a link to an article from Breitbart means I don't understand what you and your fuhrer want for the US?
I am certain I know more about it than you do.
Anyways, here is a great article that will help you understand what he wants for the US:
https://www.forbes.com/sites/stuartanderson/2017/02/25/economists-say-economic-nationalism-is-economic-nonsense/#2bc04580306f
And I notice he contributed nothing to the topic of economic nationalism either.
In short, economic nationalism sounds good but is economic suicide. It didn’t even work when Ming Dynasty China tried it, and took them centuries to recover their global position. In today’s global market, it’s ridiculously stupid. GDP would lose exports (and trade agreements), dropping by 20%, and 1/5 of jobs would disappear with it. We don’t make a lot of what we import, and we can’t do it anywhere near as cheaply, so it’s a fantasy that US producers would provide these goods (no financial incentive) or that people would buy them (price too high) — with some necessary exception, and those exceptions would push up inflation. At the same time, rising unemployment would cause wages to fall. Investment would be largely pointless in such an economy, so we’d enter stagflation. Since we’d no longer have foreign investment, we’d have to borrow, and with a poor economy, we’d pay higher interest.
With tough times comes more crime.
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