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“An increasing number of Chinese industries are in acute rivalry with high-value American industries, and China’s gains are our losses. The US cannot remain a military superpower without being an industrial superpower.”

Michael Roberts reviews the book: https://thenextrecession.wordpress.com/2025/05/13/geonomics-nationalism-and-trade/

#MAGA #industrialPolicy #macroEconomics #Trumpism #geonomics #geoEconomics #protectionism #tariffs #devaluation #economy #economics #nationalism #USA #China #Fasteau #Fletcher

Geonomics, nationalism and trade

Geonomics is a new term for international economic theories and policies.  According to Gillian Tett at the FT, in the past, “it was generally assumed that rational economic self interest ruled the…

Michael Roberts Blog