patrick.net

Industrialists want a weak dollar to help exports, they want mild inflation to help discharge debts, they want trade that allows them to export, they want abundant modest housing so their workers can have a good lifestyle without demanding higher wages to offset housing costs AND allows workers more non-housing discretionary spending to buy their manufactured goods, they want modest government spending that emphasizes infrastructure improvements (highways, etc.) but doesn't give big bennies to the unemployed (since it provides an out vs. working for them for labor). They want to know why consumers brought one product over the other so they can compete better.

Commercialists want a strong dollar to buy assets abroad and be paid back in more valuable dollars than they lent, they want as little inflation as possible to a maximize their loan interest, they want one-sided free trade that guarantees their foreign ownership and don't care about reciprocity for exports, they want higher real estate costs that promote maximized returns and suck up as much ordinary income into their pockets as possible, they want big government spending that they can underwrite and profit from (by operating the WIC cards, as many banks do and profit from, or simply endless bond issuance by governments). They want to know everything a consumer buys so they can identify 'wasted' discretionary income or 'needs' that they can redirect into loans, credit, and banking.

Most of our problem is that Commercialists are now almost the entire top .01% and there are few if any industrialists to offset them.