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