Wednesday, June 20, 2018

POTUS Knows Deals

If you viewed the 30-years-ago Donald Trump being interviewed by Oprah, to which COTTonLINE provided a link, you know he’s been concerned about unfair foreign trade for most of his adult life. When he met the G-7 leaders in Quebec and said as much to their faces everyone was ... shocked, shocked (classical allusion).

Now The New York Times has an article by German journalist Jochen Bittner, editor of Die Zeit, who writes Trump has a point.
Mr. Trump’s anger at America’s allies embodies, however unpleasantly, a not unreasonable point of view, and one that the rest of the world ignores at its peril: The global world order is unbalanced and inequitable. And unless something is done to correct it soon, it will collapse.

The Europeans have basically been free riders on the voyage, spending almost nothing on defense, and instead building vast social welfare systems at home and robust, well-protected export industries abroad.

All those German politicians who oppose raising military spending from a meager 1.3 percent of gross domestic product should try to explain to American students why their European peers enjoy free universities and health care, while they leave it up to others to cover for the West’s military infrastructure.

There’s a good chance for success if Europe engages Mr. Trump by his New York tycoon soul — he needs to be convinced that he’s getting a good deal. And right now, it’s easy to see why he thinks otherwise.
Nobody, including Europeans, likes it when their gravy train derails. Being told to pull up their socks and stop being dependent is not fun. (mixed metaphor alert) Hat tip to RealClearPolitics for the link.