COVID-19 is the climax to this 4T

[David Horn]

(04-07-2020, 03:10 PM)Warren Dew Wrote:

(04-07-2020, 10:46 AM)Tim Randal Walker Wrote: The USA appears to be returning to isolationism, but with a populist tinge (including tariffs).

Which is exactly what happened in the 1930s.

That didn't last to the end of the crisis, though.  I doubt it will this time either.

What may change, and must if sanity is to rule, is the practice of off-shoring critical production.  We're seeing how smart that was right now.  Trade is good; mercantilism isn't.  But that's where we let the MOTW lead us.  A lot of that was promoted by venture capital, that wanted maximum returns every quarter.  Outlawing venture capital would make the hyper-wealthy scream, but it may be necessary to get things back on an even keel.