12/27/2023 0 Comments Warroom bannon![]() That is a clear violation of the supposed precepts of free trade. “What does that mean? It means you target every advanced technology there is and you subsidize it. Kuttner said that “China practices what economists call mercantilism - otherwise known as state led capitalism.” And it’s the Democrats to take back if they are willing to take it back.” “There is what I call a salutary form of economic nationalism stripped of the ethno-racist part where you just want to make America great again, to coin a phrase. “If our guy stands a chance of beating your guy, Biden is going to have to be credible on these issues,” Kuttner told Bannon. On the other hand it looks like the traditionalist globalist trade establishment - preach free trade but cut China slack as long as Goldman and company get a piece of the action. On the one hand he wants to be pro-labor and he wants an industrial policy. “On trade and financial deregulation, the Wall Street wing tends to dominate.” “The Democratic Party has been divided probably for forty years between a progressive worker labor Congressional wing that wants industrial policy, wants infrastructure investment, wants to get tough with China’s state led quasi-capitalistism - and a Wall Street wing,” Kuttner told Bannon. But one thing they do agree on is trade with China.Īnd yesterday, Kuttner went on Bannon’s show War Room: Pandemic to discuss Kuttner’s most recent piece in the American Prospect titled - The Trade War Inside the Biden Campaign. ![]()
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