Thanks Indranil. I watched the video - it is excellent and breaks it down for anyone to understand.
Chang strikes an optimistic note about Trump not having ideology, but I am pessimistic because he overlooks Trump’s ego, incompetence and delusion of always being right.
In his early days, he took learning and advice from his lawyer Roy Cohn. “The most important thing is to NEVER admit your mistakes. ALWAYS blame someone else.” This is shown in an excellent movie called “The Apperentice”, which chronicles Trump until 1987.
Brilliant article Ashok. It's good to show that GDP has increased enormously in nominal terms. Maybe inflation has increased quite a bit of it (at least half of the increase, I would say). Especially telling is the point that the US has taken an increasing percentage of it. Americans make great intangible products (Windows, Word, Movies, Music, Gmail, Linkedin etc) and I spend most of my days using American products. But their greed and need to dominate seem to know no bounds (otherwise they wouldn't have elected and accepted this President). I don't mind if inequalities increase because they are making more money, but to reduce/destroy what others have is really going too far. My apologies to all the nice Americans I have met: but as you say, if I have met you its because you are outgoing and traveling and not the typical American.
Thanks Indranil. I watched the video - it is excellent and breaks it down for anyone to understand.
Chang strikes an optimistic note about Trump not having ideology, but I am pessimistic because he overlooks Trump’s ego, incompetence and delusion of always being right.
In his early days, he took learning and advice from his lawyer Roy Cohn. “The most important thing is to NEVER admit your mistakes. ALWAYS blame someone else.” This is shown in an excellent movie called “The Apperentice”, which chronicles Trump until 1987.
Brilliant article Ashok. It's good to show that GDP has increased enormously in nominal terms. Maybe inflation has increased quite a bit of it (at least half of the increase, I would say). Especially telling is the point that the US has taken an increasing percentage of it. Americans make great intangible products (Windows, Word, Movies, Music, Gmail, Linkedin etc) and I spend most of my days using American products. But their greed and need to dominate seem to know no bounds (otherwise they wouldn't have elected and accepted this President). I don't mind if inequalities increase because they are making more money, but to reduce/destroy what others have is really going too far. My apologies to all the nice Americans I have met: but as you say, if I have met you its because you are outgoing and traveling and not the typical American.
Nice article Ashok. I found the views of economist of Ha-Joon Chang (i guess Korean origin) on Trump Tariff very interesting. https://youtu.be/Shz3mSMqW04?si=GUX5jVVpXEQ2dhz5. Cheers IB