What’s wild about the Trump tariffs is that they are not coupled with any industrial policy or public investment strategy that could plausibly deliver US re-industrialization. The result is that the tariffs will likely accelerate US industrial decline and general economic degradation.

It is truly fascinating to watch. Trump has so thoroughly purged socialist ideas from his economics departments, and has ensured such absolute hegemony of neocon principles, that his administration is incapable of conceptualizing and implementing even *basic* industrial policy that could deliver on the Executive Branch’s own stated goals.

Total self-delusion. The billionaire ruling class has no idea what to do, they are completely adrift. And this is dangerous because they are likely to resort to violence and geopolitical bullying in a desperate dying bid to hold onto power.