In a revealing speech, Trump’s economic adviser has exposed the actual strategy behind the tariff policy: forcing other countries to provide financial support for US world hegemony.
While industrial capitalism got rid of the landlord class, capitalism still had economic rent, but instead of being paid to the landlord class, it is now paid to the banks in the form of interest.
Unless the institutions of international finance are wrested from the control of a few wealthy nations, and unless there are checks on the ability of the U.S. and its allies to devastate a country's economy over a disagreement on foreign policy, those figures bode for some serious trouble ahead.
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