Here’s one key thing you should know about Trump’s shock to the world economy: it could work | James Meadway
www.theguardian.com
It’s hard to say if the president truly knows what he’s doing. But there is a precedent for the US causing short-term chaos and reaping long-term gain, says economist James Meadway

Here Meadway draws parallels between Trumps tarrifs and Volcker’s interest rate shock in the 1970ies. Is this justified considering the world economy has a totally different structure today?

There is another argument that what Trump actually wants is a reactionary economic policy more similar to the 19th century where interests of small, wealthy, powerful groups were dominant over the well-being of normal people. For how much of a difference that can make, Germanys rapid economic development which was then to a large part attributed to Ludwig Erhard, Germanys minister for economic affairs from 1949 to 1963.

  • Zwuzelmaus@feddit.orgEnglish
    1·
    6 days ago

    Now you’re […]talking about tariffs.

    Not at all.

    You don’t need to have diversity between horseshit and non-horseshit.

    That is only true in a very general way.

    In this specific case it does not help you with critisizing the guardian, because then you would first require them to know (and to give a damn about) your personal estimation of what is “horseshit and non-horseshit” ;-)

    • PhilipTheBucket@ponder.catEnglish
      22·
      6 days ago

      I mean, if I am more qualified at recognizing horseshit than The Guardian is, that’s a problem. It’s weird to me that you are classifying this view of how Trump operates with respect to things like tariffs and whether or not he is a total moron as a matter of opinion.

      I’ve seen them get other things about him wrong before, too. They were super happy about how Trump was finally going to lay the hammer down on the Israelis and create peace in Gaza:

      https://ponder.cat/post/1323549

      There were a bunch of Lemmy commentators in there, too, saying more or less that it was super easy, Trump had made progress with his tough negotiating, and this was just evidence that Biden hadn’t been trying to do it. Since that happened, Isarel’s occupied roughly half of Gaza and resumed killing at scale, and also starting doing the same a little bit in the West Bank. They’re also not letting any food in.

      • Zwuzelmaus@feddit.orgEnglish
        11·
        6 days ago

        Now you are trying to distract with so many other topics that do not belong here.

        EOD for me.