In the short term, that socialist approach was good for U.S. business as it allowed them to move most of their labor overseas where they could take advantage of low labor costs in other socialist nations.
But with socialism, we eventually reach the point where we run out of other people's money. The well become dry.
Donald Trump not only was a businessman who loves our country but he also pretty much stuck to his promises. He is creating a business climate that encourages businesses to start moving the labor back here - by way of reducing the corporate tax burden and removing onerous regulations.
Donald Trump is not out to reduce the United States to a third world nation by raping the producers and enslaving the people to poverty and despair. To readers of Ayn Rand, we were headed to a society as described in "Atlas Shrugged". That book had a rather depressing ending as all the producers that were left escaped to a secret community while the rest of the nation fell apart.
Imagine if in that book, Hank Rearden was able to get elected president and stop it all. We would have dismissed the story as being unbelievable. We would have scoffed at the plot, that some businessman could get himself elected president of the United States of America. It would have been so unrealistic!
Well, it actually happened after all. Not in some book but in real life.
I agree with your thoughts there.
You’re exactly right, and Rand is once again looking pretty good on this issue.