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The honest answer is that other autocratic regimes, who were enemies of the US until a couple months ago, greatly benefit from this. But it is bad for business
by sanderjd 2y ago
The honest answer is that other autocratic regimes, who were enemies of the US until a couple months ago, greatly benefit from this.
But it is bad for business, and once the entire business community in the US figures that out, I honestly do predict that this experiment in anti-Americanism is going to fail.
- HeyLaughingBoy 2y agoThat's assuming they figure it out fast enough.
- avidiax 2y ago> it is bad for business It is good for business, just one level more abstracted. You might look at the economy and think that it's an engine that uses capital to produce goods and services for the combined benefit. But one level higher, it's a way for the already rich and powerful to gain additional capital and power. From that point of view, temporarily depressing the stock market, real estate, dollar denominated assets, etc. is highly beneficial if you are properly positioned. You can permanently acquire lots of capital and annuities. Private equity can buy up US commercial and residential real estate. They can buy shares of stock at decreased prices. They can line themselves up to buy the federal government's real and liquid assets for pennies on the dollar, and further enrich themselves by entering new lines of business, like privatising public benefit programs, the USPS, etc.
- sanderjd 2y agoActually no, this is 4d chess bullshit. It's actually just bad for business.
- AlecSchueler 2y ago"Temporarily" is in no way certain here.