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A.J. Sutter's avatar

How do you Make America Great Again by selling a company called "US Steel" to foreigners? How could anyone approve the deal without igniting MAGA ire? This should be a slam dunk, no deep thinking necessary. I'd thought that a factor in Biden nixing the deal was to avoid handing such an easy propaganda win to the MAGA team.

What was astonishing from the get-go was that the parties ignored that this issue would come to a head during a US election year. Bad situational awareness (to speak euphemistically) by the boardrooms of both Nippon Steel and US Steel.

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Annelise Riles's avatar

Interesting convo with renowned Japanese economist Yuji Genda. He suggested that if the last generation witnessed a deliberate revolution we’re now witnessing a neoprotectionist revolution. At every level of society from the family to geopolitics everyone’s goal is to protect themselves and their people. Protection isn’t necessarily bad but it has all kinds of negative consequences. Neoprotectionism is not isolationism. It can in fact be quite aggressively externally focused.

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