Jay Malick is Correct on Trump’s Strategy (Push back against Ian Bremmer) From:

Jay Malick is Correct on Trump’s Strategy (Push back against Ian Bremmer)

From: Jay Malick
To Ian Bremmer
Managing Director & Executive from Bank of America Merrill | Personal Finance Author | Asset & Wealth Management Leader | Former Chair of Alternative Investments Committee

We voted to bring key and strategic manufacturing back to the U.S.. Having 90% of pharmaceuticals, 90%+ of computers and cell phones, chips, ships and steel manufacturing and the refining of key minerals (e.g., lithium among many others) and petroleum all done overseas and by potential military adversaries is a recipe for disaster (and to use your words “incredibly stupid”). It’s a national security risk.

Some of what you say Ian Bremmer – I wonder if you’re trying to elicit a response or you’re possibly not thinking though the entirety of the implications and in this case – of not being able to produce/manufacture anything.

Trade based on comparative advantage is only smart to a point. Should we outsource our military and military hardware/software production too because military personnel labor and production cost is cheaper overseas? Of course not!

If you watch this lecture by Dr. Art Laffer late last year, he makes it clear that Trump and his advisors have alterier motives for tariffs (including getting foreign countries to the negotiating table and creating a healthier / more fair and free trade world order). Globalization is free and fair trade for all [not we tariff you (the world) and you (U.S.) don’t tariff us).

From: Curt Doolittle
To: Jay Malick;

Correct. I have an increasingly difficult time comprehending the tendency of what purport to be intellectuals treating international strategic, economic, and political relations as friendships rather than infrastructure. It’s amateurish. And it has exposed that the postwar entrenchment of fantasy in the ‘deep state’ institutions is just as entrenched in the pseudo-intellectual academy, think tanks and media. So it’s not just that science progresses with tombstones, it’s that the entire talking class is not only stuck but revanchist. (And I really don’t expect this behavior from Bremmer’s group unless it’s a practical necessity of retaining accumulated relationships and eyeballs – at which point source and audience capture are a malincentive against change.

Look. We can’t afford the world order we produced in order to defeat the communists. Because it’s become a system of rent seeking. Seriously. That’s it. It’s not complicated. It’s over because it’s no longer economically possible for it NOT to be over.

Curt Doolittle
The Natural Law Institute