And he received a standing O.
Thiel: Fake Culture Wars Only Distract Us From Our Economic Decline
“I don’t pretend to agree with every plank in our party’s platform. But fake culture wars only distract us from our economic decline," he said. "When I was a kid, the great debate was about how to defeat the Soviet Union. And we won. Now we are told that the great debate is about who gets to use which bathroom. This is a distraction from our real problems. Who cares?"
This is a good point.
Regarding economic decline, I don't think people realize what is involved in rebuilding a manufacturing base with decent wages for American families. Most liberals would love to see a return of America's high wage manufacturing glory, but I'm not sure free market Republicans could ever support the tying of capital to one labor market.
The whole point of capitalism is to let the jobs go to wherever the highest profits can be realized - and Nike investors simply make more money when their products are made for pennies by landless peasants living beneath brutal dictators (who, by oppressing those labor forces, keep those labor costs down).
This is why Trump has his ties made in Mexico - because he, understandably, is motivated by profit.
MEANING: If you want to bring those jobs back, than you will have to convince investors to continue risking their money as their costs go up/profits go down. And let's not forget the fact that consumers will likely buy less goods because the costs of those goods will go up.
Also, what about the steel company who, by relocating from Mexico back to Pittsburgh, would pay higher costs because instead of being able to pollute Mexican rivers and pay slave labor costs, they now must protect drinking water and pay more than 2$/hr (so we don't recreate the slums of Mexico where workers live in dirt shacks and drink brown water). Also, those new American steel plants wont be able to sell their products on the global market because the price will be too high.
So, yes, while I'm all for bringing those factories home, I fear that "talk radio" republicans don't understand how the global flow of capital works. Money simply won't flow into new production unless the costs are calibrated to profit incentives.
Point is: it will never happen because companies like Carrier and Walmart - who depend greatly on ultra cheap Chinese and Mexican production costs - will not let their puppet congressmen vote to undermine their business model.
Trump is asking for an FDR-style ******* of big business whereby we force wealthy corporations to take lower profits by repatriating them and forcing them to absorb first world labor costs. I'd ******* love it, but it contradicts Reaganomics so deeply that I know the republicans would never follow-through.
The point is: Trump is making promises he could never keep. He is taking advantage of uneducated simpletons who convulse orgasmically to the same old political promises.