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The prevailing school of economic thought in America, until Nixon, is actually what Trump idealizes. Protectionism from outside “threats”, on the basis of secu
by bitsage 1y ago
The prevailing school of economic thought in America, until Nixon, is actually what Trump idealizes. Protectionism from outside “threats”, on the basis of security and sufficiency, and a loosely regulated internal market. In comparison, Russia has a lot of regulatory capture and straight up corruption that stifles the internal market.
- asadotzler 1y agoThere's no "regulatory capture and straight up corruption" in the US, that's for sure /s
- energy123 1y agoThe Russia comparison is the corruption, not the protectionism.
- bitsage 1y agoI’d understand if these exemptions applied to companies and not industries. For comparison, Putin unilaterally nationalizes and sells off companies to benefit his inner circle. The US isn’t nationalizing AMD and selling it to Nvidia at the behest of Jensen.
- ModernMech 1y agoYet. They are still in the process of consolidating control over the government, the law, and universities. Once that's done, they will move on to corporations. It's been 2 months and change, give them time.
- const_cast 1y ago> I’d understand if these exemptions applied to companies and not industries. Same thing, these companies essentially run these industries and nobody else can get in. If you want to make a competitor to Nvidia it would take you 20 years if you started RIGHT NOW. Hope you have a few hundred billion dollars lying around :P The distinction between domains and companies fully disappears in an oligarchy.