The only word to describe his history is the word bizarre
While Donald pretends to know what he is doing to stop the nuclear warhead plans in North Korea, he is working to provide nuclear warheads to Saudi Arabia where he and his son-in-law (and the New York Post) have financial interests. Nevertheless, someone nominated Donald for the Nobel Prize for Peace. If Donald could buy one, he’d have half a dozen by now – peace be damned.
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[Atlantic] . . . If you want to understand Alexandria Ocasio-Cortez’s bid to remake the economy to fight climate change, you need to read Hamilton. . . Former Treasury Secretary Hamilton (Jan 11, 1755 – Jul 12, 1804) called for policies that sound familiar to us today. Like Representative Ocasio-Cortez, he wanted massive federal spending on new infrastructure. Like Donald Trump, he believed that very high tariffs can nurture American manufacturing. And like Elizabeth Warren, he was willing to bend the Constitution to reform the financial system. . .
“Hamilton, in short, successfully used the power of the federal government to boost manufacturing, to pick winners and losers, and to shape the fate of the U.S. economy. He is the father of American industrial policy: the set of laws and regulations that say the federal government can guide economic growth without micromanaging it. And the Green New Deal, for all its socialist regalia, only makes sense in light of his capitalistic work.”
–> Over most of the Nation’s history, manufacturing was the source of GDP. The North American continent was rich in every conceivable commodity from agricultural crops to steel. The corporate world earned its profits by engaging in manufacturing and innovations in manufacturing from plows to rocket ships. Over the decades, it was noticeable than everything from doilies to washing machines to automobiles left the US bound for other national economies. Since the Reagan Doctrine in the 1980’s, corporate profit has been made from investment first and only indirectly from manufacturing. Now, in an age when manufacturing salaries are a shadow of the past, when an age of investment oligarchs has emerged, and the Nation’s government follows money rather than statesmanship, it may be time to cancel the Reagan Doctrine and return to a manufacturing economy.
But the twenty-first century is not your grandfather’s world of manufacturing. If the fact that 195 nations signed the Paris Accord on Climate Change is anything to go by, there is a new market environment that will provide new demands, new products, and especially a new way in which the world must approach its global economies.
Al Gore years ago made a prediction: “When Americans understood what climate change would mean for their children and grandchildren,” the former vice president warned, “they will demand that whoever is running for office, whoever is elected to serve, will have to respond.”
The new manufacturing policy of Alexandria Ocasio-Cortez and others is based on different things than dishwashers: What will the US economy have to generate and reinvent in order to relocate New York City, Miami, and New Orleans among dozens of other cities that will be swamped by rising oceans? How will manufacturing transfer from fossil fuels to other forms of energy? How imposing will the new climate be that American infrastructure must be retooled with new processes, new inventions and new economic methods for providing salaries and welfare during a time when big hurricanes are nothing compared to the damage of a two-foot rise of ocean front along the Atlantic Coast? How will international policy change as whole nations disappear beneath the waves? How will economies be restructured to survive as Artificial Intelligence arrives and changes the workplace?
Perhaps it is time to go back to the history books. What was important to the founding fathers that we have ignored in the last sixty years? How would Alexander have handled things? Is our current Congress capable of refocusing on a new future not run by investment but by, as the Amish would suggest, putting its shoulder to the wheel and solving new problems?
Whatshisname is a pain in the ass but it is Congress that must take action. Mariner is pleased by the new blood in Congress. Let’s pray the new mindset grows. Alexander would be proud.