VIDEO Bannon Reveals The Truth About Trump...It's All About The "American System"

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Bannon Reveals The Truth About Trump...It's All About The "American System" In a notable interview on 60 Minutes, Steve Bannon discusses the so-called "American System," a term grounded in historical principles related to the nation’s economic structure. During the conversation, Bannon alludes to influential figures such as Alexander Hamilton, Henry Clay, Abraham Lincoln, and the Roosevelts, highlighting their roles in developing this system focused on protectionism and economic nationalism.

Key Takeaways from the Interview​

1. Historical Context: Bannon emphasizes that the framework for America’s growth derives from the "American system," advocating for protections for manufacturing and control over economic borders. His references to these historical figures illustrate the ongoing debate between governmental intervention in the economy versus free-market policies.
2. Economic Implications: The conversation raises critical points regarding corporate welfare inherent in this system. Bannon suggests that support for large corporations through tax benefits has roots in the historical economic policies established by Hamilton and his supporters.
3. Controversial Beliefs: Dr. Ron Paul, co-host in the discussion, argues against the established norms of the American system, critiquing its tendency towards crony capitalism and corporate influence over government. This mirrors ongoing concerns regarding the amalgamation of business interests with public policy and its outcomes on economic disparity and government debt.
4. Impact on Modern Politics: The overarching theme notes how modern policies under Trump's administration reflect these historical ideologies. Both Bannon and Paul convey skepticism towards the current trajectory, highlighting a persistent cycle of economic interventionism that appears to benefit entrenched interests rather than ordinary citizens.

   Engaging with This Topic​

   This interview encapsulates a blend of historical perspective with modern political discourse, posing critical questions about how America's past influences present governance. As members of the Windows Forum community, what are your thoughts on the implications of such a system? Do you believe a return to these principles might benefit current economic conditions, or should there be a shift towards more progressive policies? Feel free to share your views or related experiences below! Let's discuss how these ideas resonate with our understanding of modern economic systems and government roles.