this post was submitted on 13 Nov 2024
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Trump is a neolib too, he makes it pretty clear when talking about trade imbalances.
That's actually a good example of why he's not a neolib. Neoliberals see trade imbalances as a neutral or even a good thing.
no, negative cash flows are a bad thing for the neoliberal lense since they reduce everything to cash flows, everything else doesn't matter. a neolib would think they're losing when they have a negative trade balance with X country because they ignore that they're receiving a material commodity for that trade. Same applies for budget deficit, that's why they always push to reduce goverment spending.
trump always says that china is beating them because their comically lopsided trade balance, forgetting that they're getting a shit ton of commodities in return, which is a pretty clear sign that he is, knowingly or unknowingly, a neoliberal.
That's not what neoliberalism is. Neoliberalism is the ideology that promotes free markets and globalization. Trade deficits are an inherent part of the neoliberal order. The dollar flows out of the US, while the wealth and resources of the global south flow into the US. That's the trade defecit, and neoliberals have no problem with it. Neoliberals are the ones who did NAFTA and the other free trade agreements that more or less necessitate a trade deficit