The threatening return of Trump is showing different factors. First the extremes are rising everywhere in the Western world. But this phenomenon is in my opinion the result of a lack of economical and industrial strategy of the different governments of the Western world. The destruction of the industry, the impact of different approaches show that it is necessary to bring new views on those subjects. Sartre said that the origin of antisemitism stems from the impoverishment of the bourgeoisie that is leading to the search of a scapegoat. The threat of the inflation is threatening the financial markets, but more and more are creating more and more scapegoats. Montesquieu said that democracy must be represented by rational people. It looks that we lose this aspect, as a lot of precarity is rising everywhere. Actually we live, in my opinion, in a period of decline of the Western world and of the rise of Asia. It is shown everywhere in the society : the education system is falling apart, the middle class is threatened…
Many accuse neo liberalism to have created in the long run this system. We can see that the time of Reagan and Thatcher corresponded to the arrival to power of Deng Xiaoping in China. Today the result is appealing : the Western world lead by neo liberalism is in decline, while the reformist China knew an extraordinary rise during 40 years. It looks that the loss of our industry has benefited to Asian countries. But today the massive investment in education of the Chinese government paid off : 800 million of people went out of poverty, which is historic. Today the Chinese economical system changed of model : it is linked to innovation and high technologies. It competes with the United States in the mastery of rare metals (owned by China by 60%) and the BATX are today more and more powerful compared to the GAFAs. In Europe the most powerful company is LVMH, which is showing a cruel lack of industrial policy in Europe in the long run. The fact that the company Huawei is today leading the 5G invention is another symbol of the Chinese change of model, more focused on innovation and its domestic market. China always succeeded to avoid crisis, to adapt to situations, and has been able to build a long run strategy that created a more and more middle class society, as well as industrial champions able to compete with the greatest Western companies. Moreover, as Amazon has been constantly accused of destroying small businesses, the 5G will on the contrary created millions of jobs.
It looks detrimental to rebuild an economical strategy that is linking more governments and companies, and that is not building the myth of ultraliberalism. The mediocrous results of neo liberalism in the Western world is showing that it is necessary to change models. The 2030 investment plan of Emmanuel Macron is going to this direction. However it is too bad it is not always focusing enough in green and renewable energies, as the Chinese government is investing a great deal in green energies, which is seen as an energy of the future. Building champions is necessary in many fields : aeronotics, trains…
However a long path has to be done : today Asia is the leading economic zone in the world. It counts two third of mankind and is knowing an extraordinary growth. India for instance will be a great competitor of the United States and China in the coming decades. That is the reason why it is necessary to inspire of some leading factors of the success of China : a massive investment in education, always thinking and preparing the future that made them build a real industrial policy, focusing on innovation and building a scientific nations (there are today ten times more graduate students from ingeneer universities in China than in the United States). But the lack of teachers is another threatening factor that can lead to a severe lack of competitivity in the coming years. Companies are already complaining from the lack of mathematics graduates. In a way the period we live in is showing again the curse of history : the decline of civilizations (today the Western world) and the rise of others (in Asia). The economy is showing very well this underground change.
The observer 