Interventionism

Government stats on trade deficits tell only a tiny bit of the real story. 

Trump has exposed the hypocrisy of the "free trade" advocates in China and Europe. But by raising tariffs, Trump and other world leaders are inviting disaster. 

Not unlike the United States, Nordic countries have mixed interventionist economies that nonetheless rely heavily on property rights and the private sector.

The realities of modern Venezuela, combined with the global ambitions of China, could make a deal between the two countries a logical outcome.