As a result, industrial capital in the United States finally merged completely with financial capital (and a few diehards such as Henry Ford, but it was no longer enough to influence the big picture). Pen? Interesting? Pavilion wWw. ｂiquge。 Theodore Roosevelt was finally able to put aside his heart and devote himself to finding a way to revitalize the American economy, especially industry.

The economic crisis was about to end, and Roosevelt's New Deal had a certain effect, so the American economy quickly returned to the track of growth, but this did not make Theodore Roosevelt breathe a sigh of relief, because there are still two fundamental problems that have not been solved, and if there is no good solution, the future of the United States is still very unoptimistic.

The first is the overseas market, although the internal market is already quite large with the size and level of development of the United States, no matter how large the domestic demand is, because of the natural defects of the capitalist market economy, it still needs the overseas market to dump the "surplus" goods (the smaller the domestic demand, the more dependent it is on the overseas market. ), in order to ensure sustained and high-speed economic development. Otherwise, crises are unavoidable, either with big ups and downs (the previous economic crisis model) or half-dead (stagflationary mode).

In fact, although there are many capitalist countries that have completed industrialization through long-term rapid economic growth in history, they have all profited handsomely from overseas markets without exception......

The economic myth created by the United States before is also thanks to Britain and other old colonial empires advocating free trade, allowing American goods to easily occupy the markets of Europe, Asia, Africa and Latin America, although American companies have paid the price of giving up a lot of immediate benefits (pricing power in the hands of Europeans), so that the United States has clearly the world's largest labor productivity, and it stands to reason that its per capita income should also be the world's first, but the American people have not yet become rich.

Despite this great cost, American industry has succeeded in developing at an astonishing rate.

However, now that the world's great powers have sacrificed the magic weapon of trade protection, the overseas market of the United States has suddenly shrunk sharply, and unlike the timing of this scene in history, the current United States is far from having such a high international status, and its sphere of influence is much smaller, and in addition, the American people have not yet become rich, and domestic demand is much smaller, so the situation facing the United States is even more severe, and it is much more severe.

Of course, in the short term, domestic demand can be expanded through the implementation of active finance, and this is precisely one of the key points in Roosevelt's New Deal, but that is just a drink to quench thirst, because the money invested by the government does not fall from the sky, but is borrowed by the issuance of additional treasury bonds, and sooner or later it will have to be repaid with interest, and in fact it is just pushing the contradiction of relative overproduction back as far as possible. In order to "solve the problem fundamentally", it is necessary to expand overseas markets no matter what, but the question is, how can we expand?

Now that the world's valuable colonies have basically been carved up by the great powers, the United States has finally found a Spain that is not covered by a first-class power, and it has only robbed Cuba, a small country, and the market it can provide is enough for the behemoth of the United States. As for the other turf, either the owner is a first-class power that the United States does not dare to challenge easily, or the owner is a hardcore junior brother or ally of a first-class power, and none of them can be touched.

To make matters worse, China, having gained a foothold on the American continent, soon unceremoniously dug into the corner of the United States, and the Colombian change of color was just the beginning. If the Chinese are not driven out of the Americas, the overseas market of the United States will not only be difficult to expand, but may even be squeezed and eaten away by it and become smaller and smaller.

Another fundamental problem facing the United States, which is also caused by China, is the slowdown in population growth, which in the long run will hinder the United States even more than the shrinking of overseas markets.

Under the premise that they have completed industrialization, there will not be a big gap in the level of productivity between different countries, because the higher the degree of industrialization, the slower the development rate in general, forming a hidden ceiling. The per capita is relatively fixed, which means that the more the population, the stronger the national strength, especially the United States has more land and resources, and the more the population is naturally better, and for a country like the United States, which is vast and sparsely populated, attracting immigrants is undoubtedly the fastest way to increase the population. Moreover, after immigrants come to the United States, they generally have to consume first, and then they can find jobs to produce, which can alleviate a little bit of basic contradictions, and there are many well-known benefits such as diversified thinking (conducive to innovation) and improving the age structure of the population.

Immigration, which is so important to the United States, is now a headache for the U.S. government. At the same time, the sharp increase in military spending and rising tax rates in the past few years have inevitably affected the living standards of American citizens, and even fewer Europeans are willing to immigrate to the United States, and many Americans have even returned to Europe or settled in Australia, Canada and other places with better conditions.

In addition, in response to the decade of depression, European countries have introduced or improved social security policies and made efforts to increase jobs, which also objectively affects the attractiveness of old Europe. It is worth mentioning that Britain and Germany have done the best in particular, and it is precisely these two countries that are the main sources of European immigrants to the United States......

What chilled Theodore Roosevelt was that since the signing of the Treaty of Calcutta, the number of immigrants to the United States every year has plummeted to one-tenth of what it used to be, and if you only count immigrants from advanced European countries, it is less than one-tenth of what it used to be, and it is only "garbage population" such as blacks and Hispanics (many American media have openly said that racial discrimination is still a natural thing in the United States these days). ）。

The two fundamental problems have arisen because of China, and the contradictions between the two countries have intensified, and even the most peaceful part of the United States is now full of anti-China rhetoric. However, the US government has not declared war on China for a long time, even after Theodore Roosevelt, a "hawk", came to power, because the United States has never easily taken the initiative to provoke a war with unpredictable results, especially an all-out war...... (To be continued.) )