Well written and interesting. In my opinion, while you raise valid concerns about the challenges of implementing tariffs and industrial policy effectively, I think your overlooking important historical systemic stuff. It wasnt just oligarchs "skimming of the top", US real GDP growth rates actually began to decline (!!!) along with broader economic dynamism coincided with the rise of so called "free trade" policies of the Neoliberal Era began to be implemented and have continued to decline as each new big leap of its program was made. These policies were not truly about free markets but rather about centralizing economic power in oligarchic structures, leading to deindustrialization, regional decline, and a shrinking number of firms driving innovation. Tariffs, while not a panacea, could play a big role in reversing this trajectory by generating a paradigm shift toward a decentralized economic model resembling the Old Republic.
But that sort of a shift would require more than just tariffs; it would demand a reimagined framework of economic and political decentralization that promotes regional economic diversity, scientific and engineering innovation, and cultural flourishing. Tariffs could be part of a broader industrial policy aimed at rebalancing power and investment geographically, reducing reliance on imports for essential goods, and creating conditions where private-sector jobs with benefits—jobs Americans value—become widespread again.
And not least of which it would require a paradigm shift in banking and finance that resembles the paradigm that governed banking and finance in the USA between the 1830s and the 1970s, the destruction of which was the physical actions core of the advent of the Neoliberal Era
I really enjoyed this on NC, commented twice, second comment in moderation. Basically saying everything you wrote is basically how I feel, only expressed with clarity. Also your approach basically addresses all as a unified citizenry rather than disparate elements of race or gender. judging from the NC comments there are elements of disagreement which is of course to be expected, feature not a bug :)
my comment in moderation addresses some thoughts regarding alignment with Black and Brown communities.
I wasn't aware of your blog, thank you for access.
Thanks! "unified citizenry rather than disparate elements of race or gender", is right, of course we have a differences and thats what it is, but we can have a common civic framework with a limited but still substantial political and economic redundancy that allows for all to thrive! Yeah, I just worry that much of whats planned will just be minor tweaks to what we've had for the past 25 to 50 years, when, in my view, we need cooperative redundancy to allow people all around the world to have a chance to participate and add their personal, commercial, social, scientific, artistic, and cultural talents to our collective civilizational pot! Most of all, in my opinion, is we need to do a neo=Jacksonian reform of finance and make it so that we have nationally and globally integrated capital markets while still, at the same time, have localized financial institutions governed by local/regional government so that there is a geographic and societal diffusion of both access to capital and decision making regarding its deployment.
I didnt comment at NC? I just checked if it posted this one there, but it doesnt seem to be there
If americans across all spectrums cooperated together in some small respect, barriers would begin to break down. I can only envision it as a third party. I initially thought Occupy might fill that void, but the US wasn't ready for that. Possibly with the spiraling degeneracy of both parties the time for working together may rear its head again.
the genius of the USA's Old Republic, despite all its faults, it still had its genius, and that genius was that in economic matters it generated a strong national framework while still enabling a wide latitude in economic and capital allocation matters amongst both regions and localities, in my opinion, much can be made easier and easier to solve if we allow for robust local economies everywhere it doesnt solve al the problems, but it generates a world-condition where things are more amenable to conversation....
Well written and interesting. In my opinion, while you raise valid concerns about the challenges of implementing tariffs and industrial policy effectively, I think your overlooking important historical systemic stuff. It wasnt just oligarchs "skimming of the top", US real GDP growth rates actually began to decline (!!!) along with broader economic dynamism coincided with the rise of so called "free trade" policies of the Neoliberal Era began to be implemented and have continued to decline as each new big leap of its program was made. These policies were not truly about free markets but rather about centralizing economic power in oligarchic structures, leading to deindustrialization, regional decline, and a shrinking number of firms driving innovation. Tariffs, while not a panacea, could play a big role in reversing this trajectory by generating a paradigm shift toward a decentralized economic model resembling the Old Republic.
But that sort of a shift would require more than just tariffs; it would demand a reimagined framework of economic and political decentralization that promotes regional economic diversity, scientific and engineering innovation, and cultural flourishing. Tariffs could be part of a broader industrial policy aimed at rebalancing power and investment geographically, reducing reliance on imports for essential goods, and creating conditions where private-sector jobs with benefits—jobs Americans value—become widespread again.
And not least of which it would require a paradigm shift in banking and finance that resembles the paradigm that governed banking and finance in the USA between the 1830s and the 1970s, the destruction of which was the physical actions core of the advent of the Neoliberal Era
I really enjoyed this on NC, commented twice, second comment in moderation. Basically saying everything you wrote is basically how I feel, only expressed with clarity. Also your approach basically addresses all as a unified citizenry rather than disparate elements of race or gender. judging from the NC comments there are elements of disagreement which is of course to be expected, feature not a bug :)
my comment in moderation addresses some thoughts regarding alignment with Black and Brown communities.
I wasn't aware of your blog, thank you for access.
Thanks! "unified citizenry rather than disparate elements of race or gender", is right, of course we have a differences and thats what it is, but we can have a common civic framework with a limited but still substantial political and economic redundancy that allows for all to thrive! Yeah, I just worry that much of whats planned will just be minor tweaks to what we've had for the past 25 to 50 years, when, in my view, we need cooperative redundancy to allow people all around the world to have a chance to participate and add their personal, commercial, social, scientific, artistic, and cultural talents to our collective civilizational pot! Most of all, in my opinion, is we need to do a neo=Jacksonian reform of finance and make it so that we have nationally and globally integrated capital markets while still, at the same time, have localized financial institutions governed by local/regional government so that there is a geographic and societal diffusion of both access to capital and decision making regarding its deployment.
I didnt comment at NC? I just checked if it posted this one there, but it doesnt seem to be there
If americans across all spectrums cooperated together in some small respect, barriers would begin to break down. I can only envision it as a third party. I initially thought Occupy might fill that void, but the US wasn't ready for that. Possibly with the spiraling degeneracy of both parties the time for working together may rear its head again.
the genius of the USA's Old Republic, despite all its faults, it still had its genius, and that genius was that in economic matters it generated a strong national framework while still enabling a wide latitude in economic and capital allocation matters amongst both regions and localities, in my opinion, much can be made easier and easier to solve if we allow for robust local economies everywhere it doesnt solve al the problems, but it generates a world-condition where things are more amenable to conversation....