Special: Trump's Return is the Death of Globalism
Put a Fork in it.. it's Done
Contents: (1000 words)
Intro: Trump as Corporatist
From Supply-Side Liberalization to Economic Domestication
Tariff Timing and Strategic Objectives
Monetary Policy and the Weak Dollar Strategy
Tax Policy and Fiscal Trade-Offs
Consequences of Disruption: Risks and Rewards
Bottom Line: The End of Neo-Liberalism
Trump's Return is the Death of Globalism
Intro: Trump as Corporatist
The recently read excellent analysis entitled “The End of Reaganomics” by TS Lombard’s Steven Blitz and Grace Fan (and broken down here) encapsulates precisely what a Corporatist like Trump wishes to do.
Before summarizing their work, here first and in very cursory fashion is what is meant by calling Trump a Corporatist. Defining that can help identify the how Trump’s policy decisions will cluster ideologically. Simply put, this might help observers see what drives him economically
The ideals that steer most Corporatist economic policies:
Nativism- Onshored supply chains
Tolerance of Labor- at least they’re American
Tolerance for Gov’t - libertarian by convenience
Complete Disdain for Bank Finance- views them as rentier class
Prefers low taxes- High taxes OK with more Corp. deductions
Pro-manufacturing, anti-banking, creating value with real things- Lends itself to the Mercantilist world. Makes him perfect for the US during these times, if not an actual accelerationist of that model already in play
Technology- ambivalent unless it cuts costs for real thing-making (makes him money), or disintermediates banks- Tech/ Crypto
Transactionalism vs Repeat/ongoing business- Sum zero player, Mercantilism model.. a byproduct of broken trust.
Nationalism- Patriotism as it helps all the above. Charity starts at home
There are many different styles of corporatism with varying degrees of preferences. Trump is a real estate corporatist, very old school and very anti-globalism as he views globalism and any bank financier who benefits from it as simply taking money out of his pocket while adding little to no value to creations.1