.png.3b3332cc2256ad0edbc2fe9404feeef0.png.8488ab72b8bb2e508209bfe3211b6e08.png)
PSEi Drops Amid U.S. Tariff Hike on Philippine Products
-
Recently Browsing 0 members
- No registered users viewing this page.
-
Topics
-
-
Popular Contributors
-
Latest posts...
-
27
IPhones to Hit $3.5K? Trump Tariffs Spark Apple Revolt
Trump is a moron. It’s a total mess. As the Ford Motor chief executive Jim Farley courageously (compared to other chief executives) pointed out, “Let’s be real honest: Long term, a 25 percent tariff across the Mexico and Canada borders would blow a hole in the U.S. industry that we’ve never seen.” So, either Trump wants to blow that hole, or he’s bluffing, or he is clueless. If it is the latter, Trump is going to get a crash course in the hard realities of the global economy as it really is — not how he imagines it. Ecosystems? Listen a bit to Beinhocker, who is also the executive director of the Institute for New Economic Thinking at the Oxford Martin School. In the real world, he argues, “There is no such thing as the American economy anymore that you can identify in any real, tangible way. There’s just this accounting fiction that we call U.S. G.D.P.” To be sure, he says, “There are American interests in the economy. There are American workers. There are American consumers. There are firms based in America. But there is no American economy in that isolated sense.” The old days, he added, “where you made wine and I made cheese, and you had everything you needed to make wine and I had everything I needed to make cheese and so we traded with each other — which made us both better off, as Adam Smith taught — those days are long gone.” Except in Trump’s head. Instead, there is a global web of commercial, manufacturing, services and trading “ecosystems,” explains Beinhocker. “There is an automobile ecosystem. There’s an A.I. ecosystem. There’s a smartphone ecosystem. There’s a drug development ecosystem. There is the chip-making ecosystem.” And the people, parts and knowledge that make up those ecosystems all move back and forth across many economies. As NPR noted in a recent story about the auto industry, “carmakers have built a vast, complicated supply chain that spans North America, with parts crossing back and forth across borders throughout the auto manufacturing process. … Some parts cross borders multiple times — like, say, a wire that is manufactured in the U.S., sent to Mexico to be bundled into a group of wires, and then back to the U.S. for installation into a bigger piece of a car, like a seat.” Trump just waves off all of this. He told reporters that the U.S. is not reliant on Canada. “We don’t need them to make our cars,” he said. But here’s the catch. You cannot make complex stuff alone anymore. It’s too complex. And if you are not part of these ecosystems, your country will not thrive.” And trust is the essential ingredient that makes these ecosystems work and grow, Beinhocker adds. Trust acts as both glue and grease. It glues together bonds of cooperation, while at the same time it greases the flows of people, products, capital and ideas from one country to the next. Remove trust and the ecosystems start to collapse. Trust, though, is built by good rules and healthy relationships, and Trump is trampling on both. The result: If he goes down this road, Trump will make America and the world poorer. Mr. President, do your homework. -
21
British Man Critically Injured in Russian Roulette Incident After Drug & Gas Use in Pattaya
But did he <deleted> himself before he shot himself? 555 -
3
Whats the Plan?
The plan is to whine and whinge so much until they feel really good. -
128
Those of you who live on 40k a month
Simple if you leave health care insurance, electricity, internet, new clothes now and then, motorcycle/car expenses, cleaning products and toiletry, ... out of the equation. -
39
Another British Passport renewal help "needed post" - HELP!!
You still need the new pics of course, just no need for countersigning. -
27
IPhones to Hit $3.5K? Trump Tariffs Spark Apple Revolt
That is old news since yesterday with the exception for tarrifs on China. Watch real finance news instead of mainstream news, a whole world opens up lol.
-
-
Popular in The Pub
-
.thumb.jpeg.d2d19a66404642fd9ff62d6262fd153e.jpeg)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now