No? We just gonna sit around and let Nazi Germany 2.0 happen? Maybe waggle your finger a bit at them? Cool. Yeah. Okay. I love our leaders, they're so commited to the freedom and wellbeing of their people.

God I wish the Red Army was here to save our asses like last time.

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[–] sodium_nitride@hexbear.net 48 points 2 weeks ago

Trump is not reviving economic planning or industrial policy with his tariffs. Just because the US needed to re-industrialise, and just because protectionism would have been part of any re-industrialisation policy does not mean that Trump's policy is not phenomenally short sighted.

The simple fact is that without imposition of

Maximum import quotas (differentiated by good)
Capital export controls
A strong welfare program
An expansionary fiscal budget
Nationalisation of key industries

It is practically impossible for the US to re-industrialise. And each of these policies is critical because

Import quotas can directly limit the quantity of goods coming in unlike tariffs which have huge distortions effects and have a difficult to predict outcome
Preventing the outflow of dollars prevents people from cheating Import quotas or tariffs. Preventing the outflow of machinery allows that to be invested in your country.
This is needed to create a workforce that is actually healthy and smart enough to fix the economy.
This is needed to run your economy to its physical limits rather than artificially created financial ones.
This is needed because re-industrialisation requires the bourgeois class yo give up on a lot of profits, so you need to take control of industries away from them.