Thursday, October 4, 2018

The lack of comprehensive political economy goals will create concurrent pecuniary and environmental disasters for U.S. Gen X and all future generations

The posts linked above offer thoughts on two related concerns about the future well-being of our grandchildren and the American generations that follow.

The first concern is that the Trump Administration's use of assertive political economics against China will result in, at best, severe damage to the economic future of both countries because one cannot use assertive political economics without taking into account all the political economy subsystems in each country and in the international economy.

The second is a concern based upon the caution attributed to Sun Tzu:

    If you know the enemy and know yourself, you need not fear the result of a hundred battles.
    If you know yourself but not the enemy, for every victory gained you will also suffer a defeat.
    If you know neither the enemy nor yourself, you will succumb in every battle.

We have seen little evidence that those driving the trade war against China know the history, culture, government, and political economy of the country and understand its long-term economic goals. And we cannot engage effectively in assertive political economics because America has no long-term economic goals.

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