4. In terms of national interest, US policy was long to push for "open door" on trade with other countries.
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Replying to @HeerJeet
5. But USA emerged as superpower, it had to forgo traditional "open door" policy to help rebuild shattered allies in Europe & Asia
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Replying to @HeerJeet
6. In Anderson's account, USA asa guardian of global capital had to occasionally sacrifice its immediate financial interestpic.twitter.com/v3WdLB6Xu3
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Replying to @HeerJeet
7. There have always been Americans -- starting with Herbert Hoover & Robert Taft -- who have seen this internationalism as a sucker's deal
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8. The anti-internationalist tradition (Taft, the Nixon of the Nixon Shocks, Perot, Buchanan) think underwriting global capitalism hurts USA
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Replying to @HeerJeet
8. This internationalist/unilateralist battle is a struggle within American capitalism, representing two different sectors of business.
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Replying to @HeerJeet
9. Internationalists tend to be finance capital & the big corporations: people with global ties & a long run perspective.
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10. Unilateralists tend to come from small business & inland manufacturing. People who, like Trump, see little advantage from globalism
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11. Trump's various "isolationist" moves (not affirming Article 5, pulling out of Paris Accord) meet with most resistance from big capital.
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Replying to @HeerJeet
12. In the larger scope, the luxury American foreign policy makers had in 1940s-1970s was USA so dominant it could sacrifice to allies.
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13. American global power peaked in 1945, when it had nuclear monopoly & everyone else (Europe, UK, USSR, Japan, China) shattered by war.
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Replying to @HeerJeet
14. In 1945 America had roughly half the productive wealth of the world. That was bound to decline as other nations rebuilt.
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Replying to @HeerJeet
15. As USA goes into inevitable relative decline, some sort of move towards nationalism & away from underwriting globalism was inevitable.
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