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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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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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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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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15. As USA goes into inevitable relative decline, some sort of move towards nationalism & away from underwriting globalism was inevitable.
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How does Trumpites' opposition to immigration fits into this? Economic nationalism or cultural/racial nationalism?
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At the risk of being reductionist, I think the immigration maps nicely to economic nationalist/globalism divide.
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