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Soon it will all be clear. Many of these new folks have zero idea how to manage the world's largest economy from the inside, and I fear that trying to change to
by coldcode 10y ago
Soon it will all be clear. Many of these new folks have zero idea how to manage the world's largest economy from the inside, and I fear that trying to change too many things all at once will whack the whole economy in ways we have never seen before. Like writing software, you can't change everything all at once and hope to wind up with something that works.
- sharemywin 10y agoI think the economy has two extreme states with lots of possibilities in the middle. 1 with faster growth and higher volatility(totally free market) all the way to total state controlled(low volatility but minimal growth)
- LyndsySimon 10y agoThe idea is that a large part of the electorate in the US doesn't want the economy managed at all. Trump certainly isn't advocating for free markets, but he does offer a viable alternative to increasing state control over our economy.
- rm_-rf_slash 10y agoWhat is increasing state control of the economy? If offering tax breaks to a company to get it to offshore fewer jobs (but not all) is not state control of the economy, then what is it?
- mi100hael 10y agoIt's buying corporate assets and shares in order to keep failing companies afloat and forcing out CEOs whom they view as under-performing. It's passing a law forcing every single individual in the country to spend their own money purchasing a particular, expensive service from a corporate provider. Tariffs were the first major thing the first US congress implemented to ensure domestic manufacturing could be established and compete with what were up until then cheap imports.
- skylan_q 10y agoThis practice has been in place for the past 50+ years and practiced by all advanced and developing economies. The question is to what end will this be done, and will it be effective in reaching that end?
- eli_gottlieb 10y ago>The idea is that a large part of the electorate in the US doesn't want the economy managed at all. It's pretty crazy to claim that providing Delaware corporation law, bailing out Wall Street, funding the IMF and World Bank, maintaining the neoliberal trade regime, and acting as one of the world's major tax havens isn't managing the economy.