What Barbara Boyd describes in this video about the ideological differences in the G20 reminds me of the long battles around MAGAnomics.

One mindset is based on despair, the scarcity mentality, and says there is a limited about of economic pie and it must be divided by government to ensure equitable distribution (Europe/Obama).  The other mindset is based on faith, an abundance mentality, and says we should create, innovate, build and expand economic activity to create more pies (MAGA/Trump).

In this Wednesday update, Barbara Boyd previews the G20 meeting in Asheville, framing it as a clash between an agenda centered on physical economic growth—advanced by Treasury Secretary Scott Bessent—and what she calls the G20/EU’s long-running Malthusian, “green” framework that followed the 2008 financial collapse, bank bailouts, and a shift toward climate policies.

The episode contrasts Trump-era priorities—domestic manufacturing, supply-chain self-sufficiency, critical minerals, energy expansion, workforce upskilling, and new nuclear plans for shipping outlined by Energy Secretary Chris Wright—with European leaders’ efforts to build a “middle powers” bloc and “redirect” citizens’ savings into EU-directed investment. Boyd argues EU priorities include Ukraine war funding, the green transition, and open borders/free trade, and says the outcome of this fight will shape the future ahead of the midterms.

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