The new economy

Trump is destined to be one of the great presidents, not so much based on what he does but when he does it. After WW 2 the US guaranteed the safety of the oceans to all countries who agreed to help fight communism. This opened the door to free trade and all countries benefited. The Soviet Union collapsed in 1991 and the world entered a period of change as globalization started to change over to nationalism. Countries started to become more independent of the US protection and began trading with one another. It cost US and Europe millions of manufacturing jobs and the Far East countries led by China moved from agrarian societies to industrial giants. In 2015 Trump appears on the scene just as demographics begins to weaken countries around the world. The manufacturing countries like China need consumers to buy their products and their population has been in decline for 50 years. They like many other countries find themselves with the ability to produce more than they can consume. Japan is a prime example. They have too many old and not enough young to support their economy so they must rely on consumers from elsewhere and they see the US as a prime market. They will produce products in the US, sell these in the US and use the profits to support their elderly. The US is in the beginning of a manufacturing revolution that will revitalize the middle-income workers. Wages and corporate profits will increase as AI creates new industries and robotics increases productivity.