US President D. Trump wants investments from Lithuania, other US allies and US competitors to come to the US. These huge investments are needed to create a new economy based on digital technologies

 

That is why the attempts of the elites of Lithuania and other US allies to protect their investments by kissing his ass are so naive and ridiculous to him, because the elites of US allies are left with old technologies and uncompetitive production. Globalization is irrevocably over.

 

“Globalization emerged in the late 1930s. At that time, the USSR, as a victorious country, had enormous authority in the world, many Western intellectuals were supporters of communist ideology, and the planned economy, based on public ownership of the means of production, demonstrated the highest growth rates. It seemed that a little more and the entire Soviet model would win.

 

In the United States, this was perceived as a threat to democracy and private property. And they began to think about the formation of a global system that would allow them to win this ideological race in the economic sphere.

 

The result was globalization. Countries that agreed to participate, stopping the development of the USSR, develop a market economy and avoid conflicts with each other, received protection from the United States, access to financial resources, technology, education, safe sea routes and the American market. The main role in this system was given to confidence in the dollar, which became the world currency. Countries that benefited from globalization had the opportunity to invest their savings in their development and demonstrate the advantages of a market economy. It is enough to compare the modern images of the capitals of Southeast Asia with postcards from the 1950s and 1960s.

 

But anyone who has visited the United States in the past few decades cannot help but feel that the country is increasingly lagging behind Europe, China, and Southeast Asia, the main beneficiaries of globalization. Apparently, President Trump, a developer who has built a number of iconic buildings, paid close attention to the details of investment projects, and invested a lot of effort in improving the urban environment of New York City, has noticed this.

 

The United States has borne the lion's share of the costs of maintaining this vast system, and it seems to ignore the damage that this policy has done. In December 1991, the USSR ceased to exist, and the main reason for globalization disappeared. Why the United States continued to tolerate the accumulation of national debt, budget deficits, and negative foreign trade balance for another three decades requires a separate study. Today, the bill for the prosperity that the United States has achieved by paying for it for almost 80 years is actually being presented.

 

Raising tariff barriers is not only the implementation of the Trump administration’s rational approach to its own budget, but also the creation of incentives for the formation of a new economy on US territory. Obviously, the timing was perfect.

 

The world is changing technological eras, the introduction of advanced technologies requires new investments, and President Trump is creating conditions for these investments to be directed to his country, while the rest of the countries are left with old technologies and uncompetitive production.

 

In doing so, he is taking global control and ensuring that his country has access to the mineral resources necessary for the energy transition and digital transformation. In this way, he seeks to maintain Washington’s leading position in the world, which is what he promised his voters.”

 

The hopes of the Lithuanian elite that Trump will change his mind and give us lots and lots of money next fall are so naive that they are truly only worth a joke about ass.