Whew! The results of the elections are a bit of a relief. If you’re reading this blog, however, you likely agree that there is much yet to be done. One arena in which I’d like to contribute to making the progressive platform stronger is one of our Achilles heels; Foreign Policy. Progressives must get comfortable with talking about Foreign Policy solutions so as to lay this tired criticism to rest. This will be the focus of most of my posts here.
A while back I wrote a little piece on US Dollar exchange rate fluctuations. The aspect of that essay that I’d like to revisit today is the national debt tango the US is dancing with China. In a nutshell, America spends much more than it saves, much of it on Chinese goods. But we’re paying China with credit (treasury securities).
We’re happy with the arrangement because we can continue spending like carefree teenagers. China is happy with it because it keeps their exports cheap for the rest of the world and continues the red-hot growth in their economy.
What does this have to do with Progressive Foreign Policy solutions? I’ll continue in my next post.