The Greatest Threats to American Economic Security
With America’s growing conflict with China and since the election of Bill Clinton to the presidency in 1992, America, for over 32 years, has consistently voted in presidents that are less interested in global affairs and the global economic system the United States created to win the Cold War from 1945 to 1989.
With the end of the Russian threat, the United States has become less interested and is uncoupling its global supply chain and its connections to other international and national economies and bringing back manufacturing jobs in the US.
The USA is doing this for two reasons. The first reason is that the public within the United States is no longer interested in being the global guarantee of global prosperity, being the global policeman and interfering in regional and global conflicts.
The second reason is the generation that fought during World War II from 1939 to 1945 or from 1941 to 1945. For US readers, primarily dead or retired in the Boomer generation born between 1946 and 1964 grew up during the most peaceful time in human history.
In practical terms, this means that generations that lived before American security and American prosperity in the global system are no longer around and within collective living memory support international and governmental organisations such as the European Union and the International Monetary Fund.
United Kingdom’s former Prime Minister John Major, who was PM from 1990 to 1997, lost the support of the UK Conservative Party.
He suffered internal divisions throughout his tenure as prime minister after 1992 due to the generation that supported European integration retiring.
In the United Kingdom, the early 1990s saw a sea change like the United States, with the election of Bill Clinton as a move away from internationalism to internal nationalism.
US Manufacturing and Processing
The United States is bringing manufacturing home; however, the US still is to build out its processing capabilities in three significant areas: industrial materials, agriculture and oil.
America will need to develop processing capabilities partnerships for materials like aluminium, copper, lithium and iron ore to support the industrialisation and buildout of industry manufacturing when homegrown United States cities like Detroit could experience a revival.
On the positive no US significant oil refineries, but there are mismatches due to different types of crude oil produced domestically within the US and refineries abroad in processing capabilities.
US refineries can be used to reduce dependency on outsourcing processing abroad.
A greater focus on processing domestic crude oil would further reduce American imports and output in the global economic environment from which America is decoupling.
Whether political, ideological, or environmental stance, developing these processing capabilities will allow the US to prop up various industries and avoid catastrophe.
