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Category: Trump Dump

The Best Democracy Money Can Buy (4)

Jean-Baptiste Quéru looks at US Manufacturing vs Trade in this Google plus article:

Here’s what I read in it, at a high level:

  • The US didn’t lose manufacturing to trade, since manufacturing went up after trade agreements were signed in 1994 and 2001.
  • US workers didn’t lose jobs to immigrants, since that would typically result in an increase in the workforce (more workers, paid less, individually less productive). Instead, the jobs truly disappeared.

He concludes that trade agreements increase trade, increase revenue, which is then invested into manufacturing automation, which leads to a drop in employment.

His analysis is based on data shown in this report from the American Enterprise Institute, a Washington based neoconservative think tank.

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NYT Podcast: The Daily

The Daily, a podcast by the NYT
Tumblr of the day is a pretty good podcast: The Daily by the NYT is commute length and gives a good and unexcited overview about what happened in the US while you slept.

The Podcast is available from the NYT website, or via the usual subscription mechanism provided by your podcast app (I am using Pocket Casts)

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There will be war: Understanding Bannonism

Quartz dissects Bannon, and what that means for the future. It does not look good.

It is, in his view, one of a repeated cycle of crises that occurs periodically, each of which inevitably culminates in war and conflict on a grand scale.

“This is the fourth great crisis in American history,” he says in the speech to the LRF. “We had the revolution, we had the Civil War, we had the Great Depression and World War II. This is the great Fourth Turning in American history.”

and

“This may be a little more militant than others…I believe you should take a very, very, very aggressive stance against radical Islam…. See what’s happening, and you will see we’re in a war of immense proportions.”

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Trump Dump

A linkdump.

 

 

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