Comments by "" (@jmitterii2) on "How America became a superpower" video.

  1. There's more than twice the population in Europe 743.1 million vs US at just 318.9 million. EU population is 500 million. There's more per-capita in the EU and Europe in general than the US. Hence more demand. Would be bad if the EU wasn't the same wealthy or more wealthy than the US. There's more supply and demand, bigger GDP potential than in the US. While the US has more natural resources, so does Europe in general, EU members unfortunately lack in that area, many of their failing nations attempt to build their nations as tourist attractions... in this race to the bottom trade climate that doesn't support many nations in driving a meaningful middle class. As an American, I would rather do business with EU, Canada, Australia, Japan, S. Korea, etc. developed nations with a strong civil rights and labor rights than with various other countries that are either despotic or under severe oligarchies and corruption like China, Mexico, various Central and South American countries. Trade between same playing field isn't a race to the bottom.
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  2. Our country has huge deficits due to our policing the world. It's unsustainable. And our trade agreements have allowed despotic nations to use their tyrannized often impoverished citizens as a source of cheap labor, they failed to build a meaningful sized middle class in various nations like China, Brazil, Mexico, and Central American countries are still doing rather poorly in order to buy stuff from the developed countries like the US and western Europe. Current system has failed. It has only pleased the aristocracies of various nations. But the rest of the working population, essentially 99% are worse off. Hence various changes in nations lately from the Arab Spring, to the various political changes from the UK, Italy, France, and with Trump in the US. Most people are doing worse, not better, under the current system, and the trade agreements are not virtuous, they are vicious, a race to the bottom which results in lower demand as wages don't keep up with inflation, and monetary systems are constantly having to spend at a deficit for the military spending to police the world cutting into much needed demand such as building infrastructure, education, medical, R&D, etc. It's not a good recipe for success. I don't like Trump, but he's correct on many points. I think he's mostly a con guy, he'll say anything to get what he wants. Most aristocracy and those remaining higher end middle class don't understand, as they haven't been adversely effected by this system as of yet, they're in a bubble, hence so many didn't see the Brexit nor Trump victory. Those people won't be adversely effected until serious rebellions happen as the Arab Spring, or weird military action by desperate nations like Russia against Ukraine taking Crimea, and prior to that the Russian invasion of Georgia. Nations are filling the pinch in this race to the bottom system, if they don't go into civil war, they will lash out with war as sources of production of goods and resources have inefficiently been redistributed creating hardships when relationships sour (as they are now because most citizens of every country are doing worse), the status quo hopes is this new dependence would make for easier reconciliation, when history shows any time trade dependence becomes too extreme it only makes for civil war as most don't benefit but are harmed, or war because another nation feels the pinch too and is attempting to better their peoples' lot to avoid civil war, or civil war succeeds, and you get in its place a warmonger system or other nations dislike the change and attack the new nation. History just seems to constantly repeat itself.
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