As the United States continues to be subjected to demagoguery in their electoral gong show, Bill Morneau is warning about “canary in the coal mine” that Trumpism is representing, which can be echoed in other places with the Brexit vote or the rise of Bernie Sanders on the left in the US. Morneau attributes it to anxiety and resentment over the belief that globalisation is not benefitting the majority of citizens (never mind that $400 flat panel televisions are totally not the benefit of global trade, but just a coincidence. Oh, wait…) Morneau pegs his solutions in terms of what his government is doing with their “inclusive growth” agenda, and mentions their higher taxes on the one percent in order to pay for the enhanced child benefit payments and their plans to overhaul the CPP, along with infrastructure spending, but it seems to me that it’s only half the battle, and that we need some greater financial economic amongst the general public to see just what the benefits of global trade are, and that they’re not just benefitting the super-rich.
We need talk about things like the “Iowa car crop” to educate people about how trade benefits them in ways that they don’t think about – like hey, food prices are at something approaching an all-time low thanks to trade, and cars and electronics continue to fall in price and we have devices nowadays that would be considered magical just a few decades ago, at price points that are unimaginable for their complexity. But none of this fits into the narratives of resentment that people stoke for political benefit, and that’s a problem. It’s also a problem with that narrative is used to fuel anti-establishment sentiments that only serve to poison the well against the way governments function, and that’s going to start biting back in a very big way before too long in the States, as people demanding wholesale dismantling of the state start reaping what they’ve sown – particularly as it comes wrapped in Trump’s message and his attempts to delegitimise the results of the election before they’ve happened already. It’s a dangerous game that they’re playing, and it needs to be stopped, but anyone who does is “biased” and “protecting the status quo,” and where do you go from there? I wish I knew.