President Trump visited the World Economic Forum in Davos this week to discuss his vision for America's participation in global trade in the upcoming years. He was praised for sticking to a script during his initial remarks, remarking about how the tax plan was good for the American economy and how he is (in theory) in favor of free trade agreements as long as they favor the USA. However, during the question and answer program, he veered off-message, talking about how Hillary Clinton's election would have hurt the US economy and talking strongly about the need for American goods to prevail and the need to withdraw from trade agreements.
This article is relevant to the class because it shows two of the subsets of systems within free market capitalism - free market capitalism using globalization as a means to grow vs free market capitalism determined to be idealistic.
https://www.politico.com/story/2018/01/26/trump-davos-speech-america-first-371243
1 comment:
President Trump's behavior at Davos sounds disappointing, but not very surprising. I don't think that a global economic conference as serious as this is the place for a major world leader to gloat about their (perceived) success and to criticize former political opponents. In terms of the two subsets of systems within free market capitalism you mentioned, I believe Trump clearly adheres to the idealistic free market mode of thinking.
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