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The U.S. labor movement’s support for Trump’s tariffs is misguided. But after decades of deindustrialization driven by a bi-partisan consensus on trade and industrial policy, the sense of desperation is understandable. Building a movement for national economic planning would be preferable, but that is easier said than done.
Far from spelling the end of neoliberalism, the economic crisis now marching into its fifth year has intensified it, proof that this increasingly dystopian order will not collapse under the weight of its own contradictions. Its fate depends, above all, on the balance of class forces in this country, and tilting that in our favor requires diligent organization and capacity building.