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It’s an interesting form of economic populism: https://www.marketplace.org/2024/07/16/what-are-j-d-vances-e...

It is gaining support due to the destruction that has fallen on on our communities based on the current financialization model of our economy.

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How does this address the issues of incentives, or rather lack thereof?

It addresses the issue of incentives by trying to create a counter balance to one sided economic forces. It appears as if using tariffs to equalize trade when there is a major surplus imbalance is one of those levers.

How though?

If people are maximizing return with the system the way it is, where is the incentive to actually change this on a large national scale?

Who's going to fund this change?

A few with populist rhetoric getting power is not achieving what you want.

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