Trump plans to reverse U.S. de-industrialization by targeting allies like Europe, South Korea, and Japan, forcing them to subsidize and move key industries to the USA, argues economist Michael Hudson.
"Trump’s dream of reversing U.S. de-industrialization involves de-industrializing its allies as rivals, turning them into subsidizers of a shrunken unipolar West, forcing them to move their key industries to the United States."
That is the plan in a nutshell, Michael and your stated it well.
No, of course it cannot work not just for economic reasons, but also because of cultural and social/psychological reasons.
Think the workers will allow it in France, or the fascists allow it in the UK?
But this is the plan. One Grand Empire for the World! with Trump sitting on the top yelling, "Top of the world, ma."
Readers might like this short clip from a famous movie of last century entitled, "White Heat", starring film star James Cagney.
If the USA is genuinely interested in attracting other countries to build factories in the USA for job creation and reindustrialisation, they are going about it in a peculiar way.
US ICE agents detained hundreds of South Korean Hyundai / LG workers in chains for deportation. Good luck replacing them with illiterate unskilled untrained Yankee knuckledraggers.
This is yet one more Trump atrocity that will blow up in his face. Quite apart from sabotaging mutually beneficial business interests of an ally of the USA, it has sparked outrage among Koreans.
One can only conclude that unhinged racist and xenophobic psychopathy of the Krony Kapitalist Kleptoctacy "trump" sane economic policies.
If I were Korean I would demand immediate deportation of all 29,000 US troops occupying South Korea (preferably in chains) and closure of all 73 US military bases in Korea. I would then demand unification with North Korea to forge a future of unimaginable wealth by trading with China and Russia and by getting rid of the US parasite.
Note: TSMC tried to build chip factories in Arizona but utterly failed to produce them in significant quality and quantity at affordable prices. They were forced to import entire families from Taiwan to do the work required of literate, educated, skilled employees.
Korean responses to ICE deportation of South Korean workers from USA:
The immigration lawyer says they were working there legally. If you choose to distort the spirit of the law to criminalize people of a different ethnic group who are in the US TEMPORARILY to CREATE jobs in the USA, then you are both a racist bigot and a fool.
Note: Trump in fact asked the workers to stay on to finish setting set up the factory but the workers sensibly declined and went home.
Conclusion : the USA is faaaaaarked as a result of their own self faarking faarkery and , you, LIE seeking missile, are one of the faaarkers.
the Korean workers were being paid by LG Korea, not by the USA and were doing work that Americans had no experience or skills or training or qualifications to do, hence were NOT taking away jobs from any US faaarkers like yourself. But if you insist on being a pedantic shithead and choose to faaark yourself in the process, go ahead moron.
Trump’s foreign policy is a goulash of contradictory action - EXCEPT for a fact that he is a Zionist dedicated to creation of ever-greater Israel — a MIGA fraud
About those Hyundai employees. As workers they were illegal under B-1 visas as dumb Hyundai knew damn well. I don't condone the ICE tactics but those workers were here illegally and the burden is on Hyundai to get the right visas.
The immigration lawyer says they were working there legally. If you choose to distort the spirit of the law to criminalize people of a different ethnic group who are in the US TEMPORARILY to CREATE jobs in the USA, then you are both a racist bigot and a fool.
Note: Trump in fact asked the workers to stay on to finish setting set up the factory but the workers sensibly declined and went home.
Conclusion : the USA is faaaaaarked as a result of their own self faarking faarkery and , you, LIE seeking missile, are one of the faaarkers.
One more thing, LIE seeking miscreant::
the Korean workers were being paid by LG Korea, not by the USA and were doing tasks that Americans had no experience or skills or training or qualifications to do, hence were NOT taking away jobs from any US faaarkers like yourself. But if you insist on being a pedantic shithead and choose to faaark yourself in the process, go ahead moron.
"Trump’s dream of reversing U.S. de-industrialization involves de-industrializing its allies as rivals, turning them into subsidizers of a shrunken unipolar West, forcing them to move their key industries to the United States."
That is the plan in a nutshell, Michael and your stated it well.
No, of course it cannot work not just for economic reasons, but also because of cultural and social/psychological reasons.
Think the workers will allow it in France, or the fascists allow it in the UK?
But this is the plan. One Grand Empire for the World! with Trump sitting on the top yelling, "Top of the world, ma."
Readers might like this short clip from a famous movie of last century entitled, "White Heat", starring film star James Cagney.
https://youtu.be/OjzKiEs_pHI
The question at issue is will it work?
A 'reverse' China syndrome?
Bringing the corporations back 'home' is simply impossible in a world of Transnational corporate capitalism.
But the attempt is compelling in face of one of Marx's quotes:
"The workers have no homeland."
Indeed.
If the USA is genuinely interested in attracting other countries to build factories in the USA for job creation and reindustrialisation, they are going about it in a peculiar way.
US ICE agents detained hundreds of South Korean Hyundai / LG workers in chains for deportation. Good luck replacing them with illiterate unskilled untrained Yankee knuckledraggers.
This is yet one more Trump atrocity that will blow up in his face. Quite apart from sabotaging mutually beneficial business interests of an ally of the USA, it has sparked outrage among Koreans.
One can only conclude that unhinged racist and xenophobic psychopathy of the Krony Kapitalist Kleptoctacy "trump" sane economic policies.
If I were Korean I would demand immediate deportation of all 29,000 US troops occupying South Korea (preferably in chains) and closure of all 73 US military bases in Korea. I would then demand unification with North Korea to forge a future of unimaginable wealth by trading with China and Russia and by getting rid of the US parasite.
Note: TSMC tried to build chip factories in Arizona but utterly failed to produce them in significant quality and quantity at affordable prices. They were forced to import entire families from Taiwan to do the work required of literate, educated, skilled employees.
Korean responses to ICE deportation of South Korean workers from USA:
https://www.youtube.com/watch?v=64r6qd3VxBc
https://www.youtube.com/watch?v=q-R1o6DY0Z4
How important was the Hyundai/LG plant for the US economy?
https://www.youtube.com/watch?v=Q8gHnJO98pM
The Korean workers were in the USA LEGALLY
and the ICE raid was simply aggressive racist thuggery driven by INCOMPETENCE and GANGSTERISM.
https://www.youtube.com/watch?v=L8NO33ta0Zw
Message to the world:
Boycott, Divest from and Sanction ALL business dealings with the USA if you have any sense whatsoever.
Workers cannot come in on B-1 visas. Period.
The immigration lawyer says they were working there legally. If you choose to distort the spirit of the law to criminalize people of a different ethnic group who are in the US TEMPORARILY to CREATE jobs in the USA, then you are both a racist bigot and a fool.
Note: Trump in fact asked the workers to stay on to finish setting set up the factory but the workers sensibly declined and went home.
Conclusion : the USA is faaaaaarked as a result of their own self faarking faarkery and , you, LIE seeking missile, are one of the faaarkers.
One more thing, LIE seeking miscreant::
the Korean workers were being paid by LG Korea, not by the USA and were doing work that Americans had no experience or skills or training or qualifications to do, hence were NOT taking away jobs from any US faaarkers like yourself. But if you insist on being a pedantic shithead and choose to faaark yourself in the process, go ahead moron.
Trump’s foreign policy is a goulash of contradictory action - EXCEPT for a fact that he is a Zionist dedicated to creation of ever-greater Israel — a MIGA fraud
Sewing the seeds of bitterness, resentment, war and avarice will ultimately backfire.
This is excellent.
About those Hyundai employees. As workers they were illegal under B-1 visas as dumb Hyundai knew damn well. I don't condone the ICE tactics but those workers were here illegally and the burden is on Hyundai to get the right visas.
The immigration lawyer says they were working there legally. If you choose to distort the spirit of the law to criminalize people of a different ethnic group who are in the US TEMPORARILY to CREATE jobs in the USA, then you are both a racist bigot and a fool.
Note: Trump in fact asked the workers to stay on to finish setting set up the factory but the workers sensibly declined and went home.
Conclusion : the USA is faaaaaarked as a result of their own self faarking faarkery and , you, LIE seeking missile, are one of the faaarkers.
One more thing, LIE seeking miscreant::
the Korean workers were being paid by LG Korea, not by the USA and were doing tasks that Americans had no experience or skills or training or qualifications to do, hence were NOT taking away jobs from any US faaarkers like yourself. But if you insist on being a pedantic shithead and choose to faaark yourself in the process, go ahead moron.