Wednesday, April 9, 2025
Trump's Grotesque Hubris
Does Trump not realize how much he is harming the investor class in America with his ill-conceived tariff policy? Trump is breaking the entrepreneurs who create the vast majority of private sector jobs in an effort to bring back illusory blue collar assembly jobs that are already gone everywhere because of advances in robotics and automation. He is destroying both the goose and the golden egg in service of a vision that has been extinguished, so that even if the industry returns to American shores, it will bring very little employment with it for human beings. Trump is waging a fight that was lost in the 1970's when Japan began preying on US automotive manufacturers, but Trump is too bullheaded to see there is no turning the clock back decades, and no way the tariffs uplift prosperity for most of the American People.
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