So, it's not about trade imbalances but trade itself. Specialization, and trade, is what makes civilization possible. If everybody just provided for themselves we would live like hunters and gatherers only.
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If the United States believes it can manage without the outside world it will be positively surprised, because I am sure it will manage. But the U.S. will become poorer and poorer for each year as it falls behind other countries. Manage, yes. Prosper, no.
Trump has inflicted damage on the USA that will take several generations to undo
Not only fiscally but also trust, it'll be a long time before the rest of the world trusts USA again with the exception of 2 countries - Russia & Israel
On the plus side, I'm going to install a dynamo powered by the endless rotation of Ricardo's corpse and make a packet selling the energy to the national grid
I guess all of the people working in the service industry will need to redeploy to production lines to start making things to be self-sufficient. Probably won't earn enough to pay off student loans from that law degree though.
What do you need a law degree for if you are marked as part of the deplorables.
You don't need a degree to make sneakers for $3 an hour 60 hours a week.
They don't, but I'm sure plenty of people who already have degrees and going to lose their jobs in many service industries. Trump won't forgive those debts.
That's Trump: a typical hunter-gatherer caveman.
A couple of days ago, I thought he wanted to take the country back to the '50s. Now it seems he wants to go back to the Stone Age.
Why in the ever lovin' apple streusel do we even listen to this guy - he's a felon that went to prison for pushing dumpy's lies last time - the only difference between him and a terrorist is little peter has a nicer suit - stop normalizing felons
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They too are cut off from the world, and yet rely on China, Iran, russia, Cuba.
Not only fiscally but also trust, it'll be a long time before the rest of the world trusts USA again with the exception of 2 countries - Russia & Israel
You don't need a degree to make sneakers for $3 an hour 60 hours a week.
Their kids will be fine though.
A couple of days ago, I thought he wanted to take the country back to the '50s. Now it seems he wants to go back to the Stone Age.
(kidding, kind of)
In the stone age, "North America" belonged to the indigenous tribes.
There was no White Man with FireSticks & FireWater.
I doubt he can bring them back into power.
(/joke off ;-) )
https://bsky.app/profile/volberg.bsky.social/post/3lmekeehpu22m