Those rootless cosmopolitans12th November 2018
When you read the history of interwar Europe, particularly the “alt-right”, one theme shows up over and over again. On one side is the authentic, patriotic working class, with a strong attachment to the home country. But they are continually being “stabbed in the back” by a class of “smelly, rootless cosmopolitans”, who have no national loyalty. Oddly this latter group is linked to both socialism and global capitalism. (How is that even possible?)
Of course today we are far past that sort of crude rhetoric, as shown in a recent Financial Times story:
The White House’s top trade adviser has accused “globalist billionaires” of trying to pressure President Donald Trump into ending his tariff brinkmanship with China, saying their “shuttle diplomacy” to Beijing meant that any truce would have a “stench around it”.
Peter Navarro, the most prominent China hawk in Mr Trump’s inner circle of economic advisers, called on Wall Street to “get out of the negotiations” and warned that if a deal is reached when the president meets with Xi Jinping at a G20 summit in Argentina this month, it would have “imprimatur of Goldman Sachs”. . . .
Mr Navarro’s comments came as he mounted a robust defence of Mr Trump’s protectionist trade policies, saying the president had the “courage and wisdom to stand up to the globalist elite” that was using the US as the “bank of the world”. . . .
“He didn’t need the help of Wall Street, he didn’t need the help of Goldman Sachs, and he doesn’t need it now,” Mr Navarro said. “When these unpaid foreign agents engage in this kind of diplomacy, so-called diplomacy, all they do is weaken this president and his negotiating position. No good can come of this.”
The good news is that Trump is himself a billionaire, who cares a great deal about how the stock market is doing. Navarro sounds like a desperate man, who attached himself to the wrong sort of demagogue. He doesn’t understand that the 1930s are over. Look for “globalist billionaires” to eventually win this battle.
PS. When is that trade deficit going to begin shrinking? And if Trump is right that the economy is doing spectacularly well, does that mean that our previous problems had nothing to do with the trade deficit? Just asking.
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