Miguel Afonso Caetano@remixtures@tldr.nettime.org
RT @BenjaminNorton
Trump's tariffs make much more sense in the light of this very prescient analysis by Samir Amin back in 2006:
"The US economy lives as a parasite off its partners in the global system, with virtually no national savings of its own. The world produces while North America consumes".
"Indeed, without extra-economic means that violate the ‘liberal’ principles imposed on its rivals, the United States would probably not be able to compete" (which is why Trump has to resort to such aggressive tariffs).
"The American superpower depends from day to day on the flow of capital that sustains the parasitism of its economy and society".
https://x.com/BenjaminNorton/status/1954219783353761827