Leistungen // Laterales Management

digitalisation: "America first" – an opportunity for europe?

If the competitive advantage of American companies in digital technologies is curtailed in the coming years and Europe invests in new digital industries in the next four years, European c

Free trade is a noble academic approach, according to Trump. But he doesn't want liberal free trade and insists instead: "America first! China and Mexico are stealing our jobs." That is why existing trade agreements are being cancelled and new ones such as the TTP in Asia or TTIP in Europe are being put on ice. The intellectuals who support them don't understand anything at all, murmurs Trump.

However, the broad majority of modern economists know that free trade means jobs and prosperity whereas protectionism equals poverty. The British magazine "The Economist" calculated that stopping cross-border trade would mean a loss of purchasing power of up to 28% for the rich and 68% for the poor.

Free trade strengthens the economy says David Ricardo, a leading thinker on worldwide free trade. He is right! If the USA does not want agreements with Asia, Central America, South America and Canada, Europe can have them and in this way strengthen its economy - without the USA and perhaps even without England, Russia or Turkey.

"America first" actually means "Europe first"

The new US president wants to bring traditional industries such as mining, energy and simple manufacturing back to the USA and set up a government economic program for classical industries. But what will be more important in the coming years is high-quality, digital, and future-proof industries.

If the competitive advantage of American companies in digital technologies is curtailed in the coming years and Europe invests in new digital industries in the next four years, European companies will secure long-term jobs and prosperity.

Global power USA, an obituary

The book Weltmacht USA, ein Nachruf (Global Power USA, an Obituary) by Emanuel Todd was published in 2003: "In reality it is about securing political control of world resources. Because the USA is now more dependent on the "rest of the world" than vice versa. America is trying to hide its decline by theatrical military action against relatively unimportant countries."

And from now on this theatrical military action, as Todd understood it, will go hand in hand with theatrical economic narrow-mindedness.