Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Kindleberger Chart premonition of tRump trade death spiral legacy, but in a different way
Here is Kindleberger's chart from his 1983 textbook. I think I have seen a similar chart in Galbraith's earlier book on the Great Depression though might have been less comprehensive.
What may be different this time is that this one was begun, suddenly, by one man. This means 1) it is largely reversible, depending on how long he is allowed to persist, and 2) the rest of the world may fare better than the US because they are free to trade among themselves; America Alone.
For the crowd: how applicable do you think this is, and how might it be different this time?
