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President Trump: Nationalist Capitalism, An Alternative to Globalization?

President Trump: Nationalist Capitalism, An Alternative to Globalization?By Prof. James Petras - 2016During his inaugural speech, President Trump clearly and forcefully outlined the strategic political-economic policies he will pursue over the next four years.  Anti-Trump journalist, editorialists, academics and experts, who appear in the Financial Times, New York Times, Washington Post and the Wall Street Journal have repeatedly distorted and lied about the President’s program as well as his critique of existing and past policies.We will begin by seriously discussing President Trump’s critique of the contemporary political economy and proceed to elaborate on his alternatives and its weaknesses.President Trump’s Critique of the Ruling ClassThe centerpiece of Trump’s critique of the current ruling elite is the negative impact of its form of globalization on US production, trade and fiscal imbalances and on the labor market.  Trump cites the fact that US industrial capitalism has drasti…

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