Episode 82

How Republicans from Nixon to Trump Sold Out the American Working Class

Summary:

Dr. Jim unpacks the economic shifts and the impact of U.S. trade policies on the American middle class. Featuring insights from TikTok creator Grumpy Asian, the episode explores wealth transfer from the 90% to the 1%, offshoring manufacturing jobs, and the billionaire class profiting at the expense of ordinary Americans. Dr. Jim critiques the Trump administration's trade war, which reveals the extent of price gouging and highlights the need for systemic change. Tune in to understand how decades of policy have shaped the current economic landscape and the urgency for a revolution in economic thought and action.

Chapters:

0:00

Introduction: Swallowed a Scam

0:08

Grumpy Asian: American Middle Class Problem

1:31

Commentary: Oligarchs and Wealth Transfer

2:17

Trade War and Manufacturing Costs

4:08

Failed Rationale for Reshoring Jobs

5:19

Consequences of Offshoring and Inequality

6:18

Ill-Advised Trade War Exposed


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Music Credit: Good_B_Music



Mentioned in this episode:

Left in Exile Intro

Left in Exile Intro

Transcript
Dr. Jim: [:

"Grumpy Asian Guy": They rob you blind and you thank them for it. That's a tragedy. That's a scam. That's why I'm saying this right now. Americans, you don't need a turf. You need a revolution. For decades, your government and all guards won shape your job to China, not for diplomacy, not for peace, but to explore cheap labors.

And in the process, they hollowed out your middle class, crashed your working class, and told you to be proud while they sold your feature for profit. And yes, China made money, but we used it to build roads. Leave millions other property from healthcare raised living standard. We reinvest in our people. My family also benefited from it.

lthcare costs. Chief Domine. [:

For 40 years, both China and United States benefit from the trade, the manufacturing, but only one of us use that wells to build. This isn't China's fault. This is yours. You let this happen. You let the Orthodox fit your lies. They made you fat, poor, and addicted. Now they blame China for mess they made.

I don't think so. I don't think you need another tariff. You need to wake up. You need to take your country back. I think you need a revolution.

Dr. Jim: that was a TikTok creator by the name of Grumpy Chinese guy who was laying out what's happened to the American middle class, thanks to the oligarchs that control the Republican Party,.

[:

And the trade war by the Trump administration lays bare everything that's happened since and how badly we are getting ripped off. When you look at the creators that you've seen on TikTok and on other platforms that are coming from Chinese manufacturing facilities, they're telling you. How much of a markup that exists between what it costs to manufacture a product and what we actually buy it for.

What's been exposed over the last couple of days is the wholesale theft that's happening in broad daylight, thanks to Republican and to a lesser degree Democrat.

rade policies that have been [:

Now, I know some of you're gonna say that we already know all of this. We already know about all of the ridiculous markups that have been happening. That's all old news. Is it though? Did we really understand the scale of highway robbery that we were subject to over the last 40 years? I would wager that many people probably knew that these goods were being made cheaply overseas, but to the degree of how much. Price gouging was happening was probably beyond the grasp of a lot of average citizens.

rationale behind this tariff [:

So let's understand what's happening. From Reagan going forward and accelerated through nafta. We've had a four to five decade hollowing out of the middle class. All of those jobs have been shipped off to China, and China has reinvested all of the revenue that they've gained from American [00:05:00] manufacturing being offshore into their society. That's actually what's been done to. Modernize their facilities, provide for healthcare, provide for a lot of subsidies that allow for their population to do relatively well over the last 40 years and what's happened with the profits that American corporations and CEOs have. Gained in that 40 to 50 year period.

Those American organizations and corporations have reinvested in themselves. They haven't reinvested in terms of taxes, they haven't reinvested in terms of infrastructure. They've reinvested into the bottom lines and the bank accounts of the a billionaire and millionaire CEOs. That's what's happened when you look at the widening wage gap.

% is because all of those [:

And now thanks to Trump's Ill-advised, trade war, all of that is being exposed. We're finally getting to see in plain terms how much we've been exploited over the last four to five decades. Now, maybe it's finally time that the billionaires and millionaires get their reckoning.

About the Podcast

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Resistance in the Age of Oligarchs

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About your host

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Dr. Jim Kanichirayil

Your friendly neighborhood talent strategy nerd is the producer and sometime co-host for Building Elite Sales Teams. He's spent his career in sales and has been typically in startup b2b HRTech and TA-Tech organizations.

He's built high-performance sales teams throughout his career and is passionate about all things employee life cycle and especially employee retention and turnover.

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