Originally posted by Abby Normal
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However, he's undoubtedly managed to successfully target his appeal to the many voters who are disillusioned with mainstream politicians, and who feel left behind. That doesn't mean, of course that, in reality, he has any genuine affinity for those voters, or their concerns, as evidenced by the many contradictory views he's expressed during his campaign.
And what I do find surprising is how the issue of protectionism has, in America, appealed to those on both the left and right of the political spectrum, i.e. Trump, Hoover, Sanders.
In contrast, in Europe it has mainly been left wing politicians who have attacked globalization, i.e. the actions of big business in exporting jobs abroad, and who have advocated protectionism rather than free trade.
Of course , I have great sympathy for workers who lose their jobs when businesses decide to relocate to countries with cheaper labour markets. In Britain, for instance, I think it disgraceful that Kraft, an American company of which Warren Buffett is a major shareholder, was allowed to take over a British confectionery company, Cadbury, promising to retain their British factory; only to renege on the promise by closing the factory down, transferring production to Poland, at the first opportunity.
However, history shows us that, like communism, protectionism doesn't work, despite appearing to be an attractive option: see, for example, the disastrous consequences of the Smoot Hawley Tariff Act. And history also shows us that it will be the poor, the voters who are most amenable to Trump's arguments, who will be the biggest losers. They always are.
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