Donald Trump presented an American worker ordered, after 29 years, to train his foreign replacement. Mr. Trump then offered to much cheering that with his election, American goods would be made in America by American workers. That is the same sort of false political promise that has replaced the current elite with Mr. Trump in the heart of his followers.
Mr. Trump seems willing to bring up important but prickly issues ignored by his competitors, more credit to him. But not even Mr. Trump is likely to bring up the truth of foreign economic competition. Because it was made in the united States, not abroad. This is what we Americans have made:
- From the Industrial Revolution, we have made and exported things all wanted but only we could make at reasonable prices. That made us wealthy.
- Political corruption organized and politicized mass labor, raising the cost of goods above what the market alone would have provided.
- American capital saw opportunity to compete with American suppliers by moving to places where labor was much cheaper. It invested in those places and is now underselling American producers, who have to move abroad too to stay in business in what is now, a worldwide market. Simple, really; Economics 101. We even understand it ourselves.
Put another way, politicized labor unions are political corruption; such is expensive and it creates openings for competitors. As said, simple. But politicians who have relied upon the process aren’t about to bring that up in public, are they? Hardly.
Instead, they talk of raising minimum wages in public and in the background, negotiate quiet trade treaties and encourage foreign immigration and other policies that are reducing the U.S. average household income
Mr. Trump implies that above world average U.S. living standards can be maintained by electing him; the same dishonest illusion that our recent past and present leaders have perpetrated. It was a lie from every president up to and including President Obama; it is a lie from Mr. Trump. When you must compete with the world, that world, not you, sets market prices. If you remain a high cost producer, you fail as the United States has been doing for some years.
There is of course, a way around this debacle. And Mr. Trump hints at that, without quite identifying it. That is likely because it will, if pursued, require decades to show results. Even assuming we aren’t entering a new downturn. Pie in the sky when you die collects few votes, for some reason. Post Christians seem a hard sell sometimes.
That return to times past requires the U.S. to return to inventing and making things that no one else can produce, so that the U.S. sets the market price. It does not have to compete, only to set a price that will sell enough to justify production. We guess that Mr. Trump is ok with that. But our political Left, the folk that actually run this and a lot of other places, is not ok with that; they consider it exploitation and anathema. They will not allow that and replacing a president won’t remove them all from running things. Don’t, in other words, expect too much from such as Mr. Trump.
God is not mocked, we have been assured; nor as we are forced from time to time to see, neither is economics. And for those who see humor in such things, we hear that some expect immigrant workers to be replaced by robots before too long …