| There are several things at play. 1) Trump is playing a storyline. The Market place of ideas in America has one side which is under a monopoly. It sets its own prices, decides what information enters and exits, decides what the market SHOULD look like. It manages half the voting population. This is why “Trump does what he says” resonated. Previous lawmakers played the role on TV, but in back room deals, acted as if reality mattered. Trump does not. He will continue to not do so, and the ideas sold in the market place that supports him, will continue to sell ideas to support it. Even if they don’t make logical sense. It’s like science fiction, reality doesn’t matter. Without addressing the information asymmetry, no democracy can function. No decisions can be made. This is the nicest way I can put it to people, without being blunt. This has been the work of decades, reaching all the way back to watergate. 2) Jobs are being lost to automation faster than they are lost to outsourcing. China is the last country that will raise its standard of living through manufacturing. India has to pivot to services, to have a hope of doing anything. All of this is human capital intensive. 3) Wealth inequality is the problem - and frankly, if you have money to spare you are simply going to buy assets. This will be bought from people who are increasingly affected by cost of living issues, and have to sell their assets. This means taxes 4) If Americans want a snowballs chance in hell, there need to be special elections around the country in 2025, to take control of congress. Republican senators and congressfolk are threatened by the voting base if they break with Trump, which they wont anyway. The checks and balances are broken, see point 1. You cannot win in a broken market place. You cannot fix a marketplace of ideas with government power, because that breaks the principle of Free speech. If you are a government who IS in power because of market place monopolies, these rules do not apply to you. Trump is serious about devaluing the dollar. The only reason he may not, is because the viewers/storyline suggest he shouldn’t. I will regret making this post, because of the comments it will generate. It is general enough for a million holes to be poked in it. Sure. This is an outline, that covers most of the pieces that are on the board. |