ChainCatcher message, One River Asset Management Chief Strategist Eric Peters pointed out that the underlying logic of American exceptionalism is its hegemonic position in the global economic and political landscape, but this position is facing four major threats: heavy taxation on capital flows, a policy shift to weaken technology and healthcare monopolies, the failure of the judicial system to check the government, and a continuous decline in productivity. Peters believes that the Trump administration's efforts to bring manufacturing back will fail because vested interest groups will not allow changes to the existing cheap labor market and loose capital regulation.