Re: ﻿The likely answer is that Trump’s anti-globalism, his promise to Make America Great Again, had less to do with trade balances and job creation than with a sense that snooty foreigners considered us chumps.  Paul Volcker , at age 91, NY Times InterviewMr. Volcker is no great fan of the president, but he acknowledged that Mr. Trump had cannily recognized the economic worries of blue-collar workers. Mr. Trump “seized upon some issues that the elite had ignored,” he said. “I don’t think there’s any question about that, in kind of an erratic way, but there it is.” He wondered how many lectures and presentations he had sat through with economists “telling us open markets are wonderful, everybody benefits from open markets.” ... concern was dismissed too easily, with talk of worker retraining or some other solution far easier said than done.               NY Times Oct. 23, 2018 I agree with Volcker .   As did Foreign PolicyForeign Policy Economists on the Run Paul Krugman and other mainstream trade experts are now admitting that they were wrong about globalization: It hurt American workers far more than they thought it would. Did America’s free market economists help put a protectionist demagogue in the White House?               Foreign Policy October 22, 2019It did hurt Americans far more than they thought... and Trump cannily tapped into it

Re: ﻿The likely answer is that Trump’s anti-globalism, his promise to Make America Great Again, had less to do with trade balances and job creation than with a sense that snooty foreigners considered us chumps.  Paul Volcker , at age 91, NY Times InterviewMr. Volcker is no great fan of the president, but he acknowledged that Mr. Trump had cannily recognized the economic worries of blue-collar workers. Mr. Trump “seized upon some issues that the elite had ignored,” he said. “I don’t think there’s any question about that, in kind of an erratic way, but there it is.” He wondered how many lectures and presentations he had sat through with economists “telling us open markets are wonderful, everybody benefits from open markets.” ... concern was dismissed too easily, with talk of worker retraining or some other solution far easier said than done.               NY Times Oct. 23, 2018 I agree with Volcker .   As did Foreign PolicyForeign Policy Economists on the Run Paul Krugman and other mainstream trade experts are now admitting that they were wrong about globalization: It hurt American workers far more than they thought it would. Did America’s free market economists help put a protectionist demagogue in the White House?               Foreign Policy October 22, 2019It did hurt Americans far more than they thought... and Trump cannily tapped into it

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