The David McWilliams Podcast MAGA, Mercantilism & Mass Extinction: The Economics of a Shifting World Order
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Feb 25, 2025 Anxiety looms over America's changing economic landscape as MAGA economics clashes with traditional Wall Street ideals. The roots of this movement trace back to mercantilism, revealing a complex trade surplus debate. Ireland could become a key player in upcoming trade wars, while Silicon Valley faces a potential mass extinction of unicorn startups due to rising interest rates. The podcast delves into tariffs, the dichotomy between working-class demands and corporate priorities, and the shifting ideologies that threaten to reshape the global economy.
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MAGA Economics and Trade
- MAGA economics centers around the idea of trade surpluses as paramount.
- Countries with surpluses are viewed as adversaries, reflecting a mercantilist philosophy.
Mercantilism Explained
- Mercantilism, the economic theory behind MAGA, prioritizes exports over imports to boost GDP.
- It's a zero-sum game where one country's surplus necessitates another's deficit.
Mercantilism and Imperialism
- European imperialism fueled mercantilism through exploiting trade routes and resource arbitrage.
- Navies protected trade, leading to colonization and the prioritization of selling over buying.
