By undermining the strength of the economy, the consequence of short-run profit maximization is to make the US more belligerent. Plunder becomes a way of keeping the system afloat. Thus, hegemony over others becomes a means of survival.
Matters are coming to a head in the Trump regime. Trump's bullying personality mated with the belligerence of neoconservative hegemony produces war in its many forms. The economic warfare with which Washington is threatening its vassals can lead to an independent Europe friendly to Russia.
The decline in Washington's hegemonic power is a prerequisite for the resurrection of the American economy. When plunder is not an option, policy has to turn inward. The responsibilities of corporations have to be restored to include employees, customers, and communities along with shareholders. The Sherman Anti-trust Act must be revived, monopolies dismembered, banks too big to fail broken up, and offshored production brought home by taxing corporations according to whether they produce for the US market at home or abroad.
Historically, foreign trade was unimportant to US economic development. A rising middle class produced a large consumer market that sufficed for the prosperity of large-scale manufacturing and industrial enterprises. This prosperous America was destroyed by globalism. American revival awaits a new class of leaders devoid of the hubris of "exceptionalism" who can reject the role of world bully and focus on the problems at home.
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