Trade

NYT Excerpt: What Rust Belt Voters Really Need

WAYNE, MI - DECEMBER 14: A worker demonstrates the installation of a battery pack for a Ford Focus on the assembly line at the Ford Motor Co.'s Michigan Assembly Plant December 14, 2011 in Wayne, Michigan.
Bill Pugliano/Getty Images

"As this political cycle comes to a close, it's clear that the U.S. has entered a new economic chapter," Adam Davidson writes in his latest New York Times Magazine column. "By the next election, the upheaval of the past few years will have (hopefully) settled, and we'll be looking at a clearer vision of our future.

It's a future in which the U.S. economy will no longer be the center of the world.

It's useful to consider the framework of Ian Bremmer, president of the Eurasia Group, a political consultancy. American power during the past half century, Bremmer says, has been based on a strong military and an enormous market — one that can reward and punish. And while the former has maintained its standing, the rest of the world is becoming much less fixated on the latter. Romney and Barack Obama can promise to punish China all they want ... but their statements merely suggest either that they don't realize America's economic power has diminished or (more likely) that they're just too afraid to say it out loud. And that's too bad. Those Rust Belt voters would be better served, Bremmer says, if the next president could persuade American businesses to stop complaining about China and instead focus on making goods that its consumers want to buy. For decades, Chinese businesses studied the American market. Now it's time to play catch-up.

Read the full column here.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.

Support comes from: