I long for the day that our universal education is so good, we don't have to reference YA novels in headlines to analyze political economy. omg I am JLaw as I wait in line at the Dollar Store to buy dented cans of beanie weenies for 10¢
anyway, I don't really see how capital formations are going to accept tariffs. the entire project of global capitalism has been to dismantle the state's ability to deploy them, because they don't want to hire fixers and lobbyists just to take advantage of some arbitrage opportunity before their rivals. while the huge formations have that capacity, to curry favor in a mercurial king's court, they don't want to have to. that was the point of the bourgeoisie revolutions.
my counter point to my own point would be that what we're really talking about is trump signalling his openness to creating tarrifs for the largest capital formations, but I couldn't comment on if his rivals/clients trust him to deliver when he's made his name fleecing people dumb enough to partner with him.
I don't think anything good is going to come from a trump presidency, except the likely accelerated decline of dollar hegemony and a more thorough exposure of the US' limited productive capacity / consequences of deindustrialization.
I have no predictions either. except maybe 2026 is gonna look like Humpty Dumpty.
Honestly I’m still just glad they’re referencing Hunger Games instead of Harry Potter. It’s not good but it’s a serious improvement
I am starting to think that the threat of steep and broad tariffs were just a bit of showmanship to get the capitalists who weren't in his camp to come to him with hat in hand. It is more likely that the new administration will sanction the BRICS countries (and anything tangentially related to BRICS) to try and coerce nations into keeping the dollar system, with the threat of tariffs hanging over everyone's head to sort of distract. There will be tariffs, but it will likely be modest and engineered so that capitalists can continue to increase prices and point their finger at "tariffs and global disturbances in the marketplace" -- that way they can continue to fight the falling rate of profit while acting like inflation is due to geopolitical circumstances outside of their control- which will pacify a large segment of the US population when they start paying $12 USD for a loaf of bread.
"It's BRICS fault you see, not mine, that's why we should nuke it, so you can have cheap bread again, otherwise they'll stop using the mighty dollar and your bread price will be even higher"
a Hunger Games Landscape Where the Little Guy is Guaranteed to Lose
and that's different from what we have now?
Lmao there's a stock buying app in the country I live in that has a "savings" account of sorts stored in a bank that invests in a broad range of stocks. Maybe something like that would be good as it's less risky?
It's called robo investing, I work at a company that does it and for the most part I'd say it's better than just throwing money at the stock market.
Usually your money will get spread across dozens of companies and funds, as well as govt/corp bonds. It means less chance of going to the moon but you're also less likely to lose your entire life savings if a company goes under. Plus these platforms usually have investment teams that have some idea of how stocks work so you don't have to deal with that.
TLDR less risky, (but all investment is risky by nature) and less instant returns.
Thanks for the explanation. Would it be okay to try this out (the company I'm talking about is reputable they're not shady) with a little bit of money to compare it to my bank's savings account?
