Janet Yellen, Treasury Secretary under Biden, said over the weekend that not only will Trump not be able to re-shore and near-shore high-wage value-producing manufacturing but that the goal is not even desirable. She called it a “pipe dream.”
“I really think that’s a pipe dream and not something that is likely to be accomplished,” she said. “We could even raise questions about whether or not, in a broad-based way, that’s a desirable goal.”
Of course re-shoring is not desirable from her standpoint. Yellen is a globalist. She and her ilk want China to be the manufacturing powerhouse and control global supply chains.
After a bump in the late 1990s, after a long period of decline, annual wages for 90 percent of the American population have been flat since 2000—while the income for the top one percent soared. This is the effect of offshoring high-wage value-added manufacturing, mass immigration, and rationalization of industry.
Why would Democrats say this? Because globalization benefits Wall Street and the transnational corporate elite and advances the managed decline of the American Republic—the marginalization of the American worker central to the plan. Among other things, globalization has crushed private-sector unions, sucking the value produced by labor into the pockets of the transnational elite.
Moreover, using US pension funds, invested in broad international indexes, which includes China’s state-owned/directed enterprises, investment of American’s dollars in China not only supports the economy of a totalitarian state, but fuels the expansion of the Chinese military apparatus by tying those investments to military production.
The facts are not in question here. We need not infer from the fact pattern the intent of the policy. The policy is explicit. The fact pattern is the result.
Jacking up tariffs incentivizes re-shoring and near-shoring. But it’s not just about tariffs. It’s about curtailing China’s strategy of unrestricted warfare on the United States and the West, including kinetic warfare.
The Democratic Party, joined by elements of the Republican Party, created this situation and fight to deepen it. China not only has a vast army of cheap obedient labor, but it has an approach to population control with elements in the West envy—and many are already installing (see the UK and Germany).
We are at a pivotal moments in world history. Either we preserve the liberal world order and restore the American System or permit the transformation of the planet into a global corporatist neo-feudal system under which the world’s population will become dependents in a New Serfdom.
Populism’s goal is to make the Democrat’s desire for a new world order the pipe dream.
freedom and reason 