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Cynthia Chung's avatar

Part 3 is now published, apologies for the delay. The title is "The Difference Between William McKinley’s American System School of Protective Tariffs and Today" and you can read it here: https://cynthiachung.substack.com/p/the-difference-between-william-mckinleys

Iman's avatar

Thank you for this great report especially about bessant . Waiting for the next report ❤️

Bird's Brain's avatar

Excellent, thanks!

Yes, it certainly does look like there's a plan that's been implemented over decades, maybe longer, regardless of who's pretending to captain the ship.

I'd be interested in your perspective on how we go about jumping ship.

Cynthia Chung's avatar

That will be coming in Part III of this series. :)

Jeremy Hutson©'s avatar

We the People haven't been the priority for a very long time now.

The Practical Man's avatar

👏👏👏

Grail Arts's avatar

Wow- you spelled it all out so clearly! This is such an excellent breakdown of the chaos we have been experiencing these last months. Waiting for part 2. Thank you!

Marilyn Langlois's avatar

Thank you Cynthia! Looking forward to the next installments.

Cynthia Chung's avatar

How is this communist garbage Paul? Are you saying that anyone who criticises Wall Street is now a communist?!?

Te Reagan's avatar

MAGA needs to get their heads out of their asses.

Donna Ehle's avatar

If you follow Brian Berletic, he makes a compelling argument that there is a continuity of policy across administrations, regardless of window dressing.

Te Reagan's avatar

Found him. Thank you 😊

CHD's avatar

Honestly don’t the rich have the ability to benefit from most anything? They have the resources to make changes and adapt.

Bird's Brain's avatar

And to decide what is going to be allowed to happen and when, so that they will always profit from change.

Marilyn Langlois's avatar

PS Cynthia, if you see Alex Krainer in Calgary this weekend (may 10-11), please share your thoughts with him, as I've heard him repeatedly contend that Trump's tariffs are brilliant and reminiscent of what McKinley tried to do, and will bring back expanded domestic industries and prosperity for all Americans. Otherwise i find him very astute, but with blinders on this issue.

Marcia Lucas's avatar

How does waste (of federal funding) "go directly into billionaires' pockets"?

Peter: of Family Forrest's avatar

When the long history and twisted 'logic' of 'gods'' ''Chosen Destroyers'' is revealed, the psycho-narcissism becomes evermore clear: https://www.unz.com/book/douglas_reed__the-controversy-of-zion/

Denis's avatar

Cynthia consistently writes impressive material in a way that takes a complicated issue and makes it understandable and easy to follow. That's genius at work.

richarda's avatar

Agreed on the simplicity of genius. Awesome analysis.

I'd love to agree 100% but ..... what is the alternative to the dollar at this point?

Hence, it's Trumps' way or the highway.

Ginger Sladky's avatar

Not disagreeing with any of the reflections you have here, Cynthia. I don't know what direction our administration is taking us. But I think you might find this collection of economic-related achievements/plans interesting: https://brianlantz.substack.com/p/what-we-produce-not-what-we-buy and also Vance's speech on Thursday at Nucor Steel in South Carolina where he references Alexander Hamilton and Henry Clay here: https://www.youtube.com/watch?v=MRZysUy1hdI Small hints of hope?

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May 27, 2025
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Cynthia Chung's avatar

Bill I have no idea why you are claiming that I am using a Marxist lens. Where are you drawing this from? You don't know what American talks about American exceptionalism? How about the current president? Americans clearly do not understand the root cause of why deindustrialism happened in their country, otherwise they would not be so eager to blame other countries for this. Sure, in former industrial hubs where loss of jobs were most striking like Detroit this was noticed, but overall Bill, the country did not protest this as a whole, and stress it as a core issue. Instead it was generalised as Americans want jobs, with not specification of what sort of job that would constitute. As for the true American System on protective tariffs, this will be the focus of Part III of this series, and why the present use of tariffs does not follow this school of economics in any way. Claiming that any criticism of this is Marxist is not only lazy but ignorant of what the American System economics under protectionism actually was. The paper should be published by this Saturday.