This is a local re-post of an essay I wrote for The National Interest a few weeks ago. Basically I argue that a restrained political and military foreign policy does not imply an isolationist or protectionist economic foreign policy.
This strikes me as an important distinction. There is a lot talk that Trump’s election implies a less interventionist foreign policy, that the white working class doesn’t want to fight neocon wars anymore. I am sympathetic to that. But a greater caution in military choices does not have an economic correlate of withdrawing from free trade, or picking foolish fights with allies. Restraint is neither economic protectionism, nor bashing allies Trump-style. Those tow together are more like isolationism.
As I say on this site regularly, the concern of foreign policy ‘restrainers’ is not to abandon American allies, but to get them to take their own defense more seriously. But I see no reason to extend that to trade. Greater protectionism will simply drive up prices for the white working class at Walmart, while re-shoring a few jobs at most. Recall that it is technology that wiped out smokestack jobs in the Midwest, not China. Worse, protectionism has a powerful long-term negative impact on security. States which seal themselves off start to fall behind technologically. That impacts military tech too, as one can see in the communist states during the Cold War. It is critical for American military pre-eminence that it remain a free-trade economy that regularly absorbs the most recent technologies, no matter how much dislocation they bring, no matter where they come from.
The full essay follows the jump: