In a political economy, as the name suggests, politics comes first, with the economy to aid the extant political thought process into action — nothing more, nothing less! In the current milieu, Make America Great Again, or MAGA, is at the centre of American political economy, and every action, rhetoric and policy direction has to be subservient to that philosophy. Its basic thrust seems to be job creation and ease of living for the American citizens, thereby enhancing opportunities—Make Americans Wealthy Again or MAWA. The economic solutions for this to happen seem to have crystallised in terms of having a weaker dollar and lower inflation!Hence, the MAGA philosophy's focus on migration, manufacturing and exports is expected to increase the consumption power for the average American, with help from “dirigiste” in terms of import tariffs and tax cuts on the one hand and a weaker dollar on the other, and, if possible, lower interest rates. This is happening at a time when labour markets are witnessing the exponential growth of a dystopian world of AI, which, as things stand now, is fundamentally negative for consumption.
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