Economic
policy analytic is necessarily political. Global economics isn't
democratic. The most rich are best able to exploit it. An economist
may be talking on American radio or television with comments that may
be completely anational and empirically global . The
economist may be irrelevant to national concerns of citizens.
It
is the poor and middle class that stand to benefit the most from
nationalist economics. Yet because of the Clinton's Yale-Oxford
Boston takeover of the Democrat party and the Bush-Romney ultra-elite
hegemony over the Republican Party the United States may be said to
have a no-party system with Donald Trump possibly trying to upset the
status quo.
Back
in the day when the U.S.A. was a somewhat isolated power economists could reasonably talk about economic policy without concern for the
globe except for matters of tariffs on trade goods and the
value of foreign currencies based on their gold holdings. Today of
course that has all changed and economists may default to planetary
economic criteria concerning labor available globally, planetary
transport costs of distal manufactured goods, tax rates in various
nations on currencies in other nations, etc. Manipulating
international politics and supporting various conflicts abroad directly effects economic criteria exploited by global
economists for the benefit of investors in international
markets comprising holdings of the plutonomy (the upper 5% of the
1%).
Economics
for the benefit of U.S. citizens differs from economics for the
benefit of plutonomy or economics for the benefit of the dar al
Islam. Economic policy for the benefit of Russians differs from
economic policies designed to benefit Argentinians or Mexicans.
National economic policies are the sole direct approach to
intentionally benefiting national citizens yet many may benefit
indirectly, sometimes from regional politics.
Presidential
candidate Ted Cruz is a natural Canadian citizen. If elected
President of the U.S.A. he would also technically be a subject of the
British Empire and complicate ancient ideas about the legality of the
American Revolution against the King. He might also enable the United
States to consider a legal annexation of Canada through a
consolidation procedure involving business transcendence of
boundaries. As a Canadian citizen and subject of the Queen Ted Cruz
could exploit NAFTA from both sides of the border and possibly get
elected President of Canada simultaneously and agitate to make Canada
the 51st
state. Economic policy necessarily is political.
Environmental
issues are another factor determining economic definition and
relevance to national citizens. There is an entire academic
discipline concerned with the objective state of natural resources
and human economic interaction with them that objectify the value of those
resources and the real cost to society of degrading and/or depleting
them. Environmental economics is not just a preference for green or
renewable resources that don't pollute.
An
economist may be global, regional or national, she may be an
environmental economist or not, she may be a socialist, a
corporatist, an unlimited existential capitalist or a reformer with a
preference for a new synthetic economic method of her own invention.
One could make a table to show some of the varieties or combinations
of economic viewpoints and recognize some of the confusion that goes
abroad through the broadcast media and publishing world when various
economic analysis and remedies are advanced to the public.
There
are many short-term existential economists it seems concerned with
short-term phenomenal changes to various disingenuous
government measured statistics of inflation, employment, value of
bonds, treasury notes, public debt, tax rate and so forth with
various theoretical filters for interpretation also based upon their
own choices for economic viewpoint. Many of those are what the public
gets in the U.S.A. today. It is a sort of possession is 9/10ths of
the law sort of economics, rather than one of cold, rational
objectivity for the good of the people and environment.