one thing that apparently hasn't yet occurred to these dumb motherfuckers is that companies that build, say, auto plants in the US also *export from those plants* which they can't do if the US is in a trade war with half the world
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I blame business schools. They're teaching the perfectly spherical, frictionless horse theory of acceleration and expecting it to work in the real world.
What happened? Those who didn’t pull out FAST at a major loss, had their properties seized & lost everything!
MAGA today 👺😡
"economies of scale" i.e access to export markets
I'm surprised there's still any investment of that kind in the US right now.
Oh, maybe you mean the city!
Important part of FDR's new deal coalition
included large, capital intensive, multinational corporations that required access to international markets.
https://academic.oup.com/book/7485