Making America Great Again, 2024

[Jonathan Nitzan]

By Shimshon Bichler & Jonathan Nitzan

In 2019, we published a RWER paper assessing Trump’s promise to ‘Make America Great Again’. https://bnarchives.net/id/eprint/630/

Here are updates of two key charts from this paper.

The first figure depicts the relative global decline of U.S. corporations. It shows that U.S. firms currently accounts for ~1/3rd of global corporate profit, down from 2/3rds half a century ago.

The second figure shows the growing dependence of U.S. firms on foreign operations. Currently, U.S. corporations get roughly 40% of their profits from foreign subsidiaries, compared to 15% half a century ago and slightly over 5% in the 1940s.

Can these trends be reversed by an authoritarian U.S. president? Do Trump’s corporate masters want to reverse these trends in the first place?

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