Every American Should Pause to Read What Warren Has to Say About Economic Patriotism

[mystery-ak]

Every American Should Pause to Read What Warren Has to Say About Economic Patriotism
Tucker Carlson and Neil Patel

Posted: Jun 06, 2019 2:30 PM

Let's begin with a thought experiment: What if the Republican leadership in Washington had bothered to learn the lessons of the 2016 election? What if they'd understood, and embraced, the economic nationalism that was at the heart of Donald Trump's presidential campaign? What would the world look like now, 2 1/2 years later? For starters, Republicans in Congress would regularly be saying things like this:

"I'm deeply grateful for the opportunities America has given me. But the giant 'American' corporations who control our economy don't seem to feel the same way. They certainly don't act like it. Sure, these companies wave the flag -- but they have no loyalty or allegiance to America. ... These 'American' companies show only one real loyalty: to the short-term interests of their shareholders, a third of whom are foreign investors. If they can close up an American factory and ship jobs overseas to save a nickel, that's exactly what they will do -- abandoning loyal American workers and hollowing out American cities along the way. ... The result? Millions of good jobs lost overseas and a generation of stagnant wages, growing income inequality, and sluggish economic growth. ... We can navigate the changes ahead if we embrace economic patriotism and make American workers our highest priority, rather than continuing to cater to the interests of companies and people with no allegiance to America."

If you regularly vote Republican, ask yourself: What part of that statement do you disagree with? Here's the depressing part: Nobody you voted for said that or would ever say it.

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https://townhall.com/columnists/tuckercarlsonandneilpatel/2019/06/06/every-american-should-pause-to-read-what-warren-has-to-say-about-economic-patriotism-n2547709

[Maj. Bill Martin]

If you regularly vote Republican, ask yourself: What part of that statement do you disagree with? Here's the depressing part: Nobody you voted for said that or would ever say it.

It's certainly true that most corporations have prioritized the interests of their shareholders since the country was founded, so I can't disagree with that.  Of course, since the country was founded, we also went from being a colonial backwater to the richest, most powerful nation on earth.  So the idea that there is something wrong with that economic model seems rather flawed.

Here's the reality -- if you start imposing restrictions on the ability of business to move or close up shop, they're going to rethink investing here in the first place, and simply invest overseas instead.  Trump created a business boom here with a carrot -- making the U.S. more attractive to businesses.  The idea of using a stick to keep them here will backfire.

[Sanguine]

 

[goatprairie]

 "and sluggish economic growth"

That comment alone should make you reject anything Warren has to say about improving the economy.
The fact is foreign investors/companies employ hundreds of thousands of Americans.
Would we like it if Toyota packed up and took everything back to Japan?
UK, Germany, Japan, and Canada each have anywhere from 400-600 billion dollars invested in the U.S.
Should we tell them all to haul ass back to their home countries and take their money and jobs with them?
People who don't like a global economy must like the idea of hundreds of thousands of American workers out of jobs.