First, a few quotes:
Well, ladies and gentlemen, we’re not here to indulge in fantasy, but in political and economic reality. America, America has become a second-rate power. …
The point is, ladies and gentleman, that greed – for lack of a better word – is good.
Greed is right.
Greed is works.
Greed clarifies, cuts through, and captures the essence of the evolutionary spirit.
Greed, in all of its forms – greed for life, for money, for love, knowledge – has marked the upward surge of mankind.
And greed – you mark my words – will not only save Teldar Paper, but that other malfunctioning corporation called the USA.
– Gordon Gekko – from the movie “Wall Street”
In the US, there was a political failure insofar as the system did not adequately represent the traditional working class. The Republican party was dominated by corporate America and its allies who had profited handsomely from globalization, while the Democratic party had become the party of identity politics: a coalition of women, African-Americans, Hispanics, environmentalists, and the LGBT community, that lost its focus on economic issues.
– Francis Fukuyama
You have to look at the bigger picture!
You have to think geopolitically, because we are losing. And if we don’t change, if we don’t awake up, we will have lost to authoritarianism, fascism or a capitalistic form of communism.
Do I have your interest?
Because as I write this our open democracy, free press and market based ‘capitalistic’ economy is failing. It’s failing to provide jobs. It’s failing to provide people hope and a better future for their children. And in America, we have had divided government who can’t agree on anything and is getting nothing done to help the very people who think their system of government is the best in the world. Well, on election night all this changed. America elected its own form of authoritarian government to get things done…to get the US economy moving again. We need to grow again, economically speaking, because we (the western world) are in a race, a competition if you will with the very forces that we think of, in the western world, as evil or non-optimal.
And if you hate Trump, if you despise who and what he is, I get it. But if someone doesn’t shake things up, divert us out of the status quo, and grab control away from the very elites who are slowly but surely killing the very hard fought freedoms we all love and enjoy, the other system of government; the fascists, the curious mix of communism with capitalism will ultimately win the day.
Yes, Trump is imperfect. He is not ideal. But history will judge him differently is my bet. He is a change agent…not a Republican, not a Democrat. He has been elected to jump over all the petty politics and do the right things…economically. We need massive fiscal policy. The Western world needs massive fiscal policy to get people, especially young people, working again. The Western world needs a shot of adrenaline from years of fiscal austerity since the ‘Great Financial Crisis’ (GFC) of 2008. If we make the necessary upgrades and building of infrastructure, which we desperately need, these fixed assets can and will serve generations to come. And to show worldwide that our democratic system of government, that our free press and freedom of people is the best system in the world that other countries not only should emulate but create.
I believe the financial press has this wrong. I believe the ‘elites’ are focused on the wrong things. We are in a global battle of political systems and currently we are losing. Yes, our Western system of government won over communism back in the early 1990s, but what has it done for us lately? Since the 2008 ‘Great Financial Crisis’ (GFC) how has the western world done economically compared to China, Middle East and South Pacific authoritarian countries – Singapore’s of the world; down right awful!
Have a look at this chart and judge for yourselves. This shows different countries of the world, the western world, and what different generations segmented in decade of birth think about democracy. Our system of government…
We need to change this attitude. Our forefathers (and mothers) have fought and sacrificed much hardship to make sure our western system of government was and is the best of the best.
Would we fight a World War to preserve our way of life today? Do you feel countries of the world want open democracies that today are so divided politically? Where young people of western democracies not only have no jobs or under-employed and living in their parents basement but also are signing up to join ISIS to fight the very life and freedoms we all enjoy.
This is crazy and must stop!
“One Belt, One Road”
Do you know what this is?
Well let me tell you. Better still have a look at this map created by the “Economist” magazine.
Do you know anything about Eurasia?
Well, its big and very populated – which China, India and Russia are apart. It encompasses over 90 countries and has over 5 billion people. Zbigniew Brzezinski, Jimmy Carter’s National Security Advisor, wrote a book back in 1997 called “The Grand Chessboard” in which he states whoever controls Eurasia controls the world.
And China formed the AIIB – The Asian Infrastructure Investment Bank – some years ago to help finance trillions of infrastructure spending in linking Eurasia together called the One Belt and One Road. This AIIB was set up to compete directly with the US lead World Bank. The United Kingdom shocked its allies by agreeing to be an initial financial sponsor and have ‘original’ membership status against strong US protest. Canada has yet to decide on what to do, but suffice to say this would mean big bucks to Canadian industry and I’m sure the US is pressuring Ottawa not to join AIIB’s ranks. But with the US not providing expansionary growth like China’s leadership in developing ‘One Belt, One Road’, Canada and other countries will likely be signing up for the AIIB in the future.
Interestingly, Harvard’s Linda Bilmes estimates US wars in Iraq and Afghanistan cost $4 to $6 trillion. That’s the same range HSBC expects for China’s investment in ‘One Belt and One Road.’
In this one example, think of the malinvestment by the leader of the free world versus the juxtaposition of China’s capital investment future ambitions. Think of the potential growth prospects and the shifting of superpower status from the US to China not to mention the RMB (renminbi) being the reserve currency of the world!
We all have to realize, especially the citizens of the US, that we are not “exceptional,” as Peter Thiel told us in his speech at the National Press Club in his support of Donald Trump. We are all “normal,” and we have to stop doing stupid things like engage in the current 5 wars the US is now engaged in and start spending treasure on rebuilding America and not fighting endless wars with no victory in sight.
I maybe wrong on Trump and what he does. But you have to admit he has a chance of doing something so different. So unexpected in comparison to Hillary, that maybe, just maybe, America and the western world has a chance of not only surviving the future but will prove again, as it did in the early 20th century that open democracy and a market based economy with individual press freedom is the surviving and emulated political institution the world over.
In my opinion we no longer can dither, to misspend resources and be politically correct. We in the western world need to focus, prioritize and not only secure our financial futures but also hold up our political institutions to the world, and be an example they are the best in the world. We are inclusive, we are growing and an example to the world that free people in functioning democracies are the best ways for societies to organize.
And America has elected a man, a strong unpartisan figure to do unpopular things. To break political deadlock. To use the instrument of government to openly spend money and to give workers higher wages. A man to incentivize industry to build plant and equipment to meet increasing demand that today is dormant or at best lacklustre.
Yes, he will be unpopular in almost all ‘elite’ circles…but sometimes even open democratizes need a push. A strong leader who will do the unpopular things no matter what. And we certainly haven’t had a leader like this probably since Dwight D. Eisenhower or better yet Douglas MacArthur. So it will be unpopular and unfamiliar for all concerned say the least.
We needed a reset and middle America elected a man to press the reset button. And maybe he has enough ability, maybe through Twitter, to focus America on the job at hand. Obama wanted to shift America’s interest from the Middle East to Asia in his much hyped ‘Pivot to Asia’ foreign policy speech but nothing has been done except a few words and symbolic gestures. Was it a coincidence that Donald Trump’s first international leader meeting, in Trump Tower, the week of the US election was Prime Minister Abe of Japan? I think not! My impression is Prime Minister Abe knows what is at stake and he spent no time, and with great urgency for an initial meeting with the new president-to-be without the pomp and circumstance of a formal state visit.
More to come.