Commentary: Steve Bannon and the lure of zero-sum thinking

Attacking China and free trade, even metaphorically, will do nothing for America’s middle class, argues the Financial Times’ Tim Harford.

Read more at http://www.channelnewsasia.com/news/world/commentary-steve-bannon-and-the-lure-of-zero-sum-thinking-9162868

By Tim Harford

28 Aug 2017 07:28AM (Updated: 28 Aug 2017 07:30AM)

Ricky Lim · 

Singapore

But Mr Bannon's "economic war" is a cure far worse than the disease, and a misdiagnosis of how the world economy works.
This is because it is surprisingly hard to find a zero-sum game in the real world. Most commercial transactions offer benefits to both sides, otherwise why would they take place at all?
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This is the reason why Steve Bannon is dangerous and evil.
And Donald Trump taking the advice from Steve Bannon is dangerous --- because it is an ideology that misdiagnose how the World Economy works - and if Donald Trump start a trade war with China because of the wrong diagnosis --- will put the whole Global Economy at risk including US.

This is how 1930 deep depression starts - and it was started by US - and subsequently trigger World War 2.

Now Donald Trump want to emulate the 1930 deep depression of wanting to start a trade war with China.

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