Well, not content with providing the protection and weapons to allow Netanyahu to continue the killings in Gaza to exceed 50,000 and allowing Putin to continue the ruthless bombardment of Ukraine, Trump has now unilaterally inflicted the most crass (but beautiful) tariff policies on the world. In any edition of The Apprentice, he would have been evicted for any of these three monumental failures. It would be far better to fire him. Ideally into a perpetual orbit of the earth in one of Musk's SpaceX tin cans.
What is particularly irksome is Trump's persistent claim that America has been "raped and pillaged" by the EU and other countries. The converse is nearer the truth. It was an American journalist, Ludwell Denny, who spoke the truth in 1930 when he said that the USA is "Too wise to govern the world, we shall merely own it." That is what they have done; American companies have built factories and employed cheap labour across the world. There are 280 American companies with factories in China alone and substantial numbers in Vietnam, Taiwan, Cambodia and the other countries that have been landed with the highest tariffs by Trump's government.
The UK has become a Vassal State whereby America has bought out Britain. Private equity companies have plundered the UK to take ownership of companies. In 2020, they took a revenue of $707bn from the UK, an average profit of £2500 from every UK household. HMRC have estimated that American companies underpaid tax by £5.6bn. It is time for the UK government to take back control, to weaponise our tax system and to regulate takeovers. The US government has seen the special relationship with the UK as a game of dancing with donkeys. America has become the dominant owner of almost half the FTSE shares, not to mention the ownership of the majority of premier league football clubs and many health and care providers. Trump has targeted the UK's very modest 2% Digital Services Tax on the big American tech companies to be eliminated as part of his game plan to reduce the 'rape and pillaging’ of the USA.
What Trump has done is to give the UK and Europe the legitimate excuse to put an end to the plundering of their businesses. It means working more closely with Europe, which has been far more savvy in developing regulatory control of big tech and AI. It is essential to stop America from ‘merely owning the world.’ Hopefully, as the Trump game is played out, the rest of the world will be too wise to let this continue. Untrammelled private equity ownership and unregulated big tech, aided and abetted by successive American governments, have had the upper hand for too long. Trump has unwittingly paved the way to consigning his tariff policies to the dustbin of economic illiteracy. But that requires collaboration between Europe, the UK and other partners who are willing to confront the Devil's Apprentice.
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Space X Control to Major Trump Sitting in a tin can Take your protein pills and put your helmet on Planet Earth is Blue And there's nothing you can do |