So basically government price fixing. Isn't USA supposed to be the pillar of libertarian capitalism?
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So basically government price fixing.
Not even. He's not doing anything to prevent prices from going up. He's just whining at businesses for refusing to cut their margins to fund his government.
Isn’t USA supposed to be the pillar of libertarian capitalism?
It's funny. There's a couple of think thanks - the Fraiser Institute, the Hoover Institute, in collaboration with the CATO Institute - that are constantly putting out papers saying how America hasn't gone Libertarian Capitalist enough. Historically, the two places in the world they consider "Most Libertarian" have been Hong Kong and Singapore.
However, over the last decade, they've been forced to delist both of these locations as Chinese business investment flooded in and American financial interests were shoved out. So now their new favorite spots are Switzerland, New Zealand, Luxembourger, and Ireland. Incidentally, these institutes are filling up with White Nationalists and other ultra-orthodox Christian Conservatives who refuse to acknowledge any country with brown people in it might have civil or economic liberties. The current issue of their annual newsletter blames a great deal of this shift on pandemic response and subsequent economic relief during the downturn. But there's plenty of ink spilled denouncing any country that's breaking away from the MAGA mindset, particularly Canada, China, and Mexico.
As our relationships with the BRICS and the various Latin American, African, and Southeast Asian states have deteriorated, our ability to recognize them as free and liberal have decayed alongside them. And the criticisms internally ebb and flow with the state of domestic politics - Obama ushering in a low-watermark for American liberty, for instance.
Funny story.
A while back someone posed a question online. They wanted to know why all Socialist countries fail? I answered that they don't; look at Canada. They told me that I was a fool, because the Heritage Foundation had showed that Canada was freer than the USA. I asked why we shouldn't have Canadian style health care? They never got back to me.
Reminded because of the folks you cited.
Trading through coercion.
Aka the mafia .... backed by muscle and violence
Do as we say ... or you're going to have some trouble with your knees ... you don't want trouble with your knees do you? .... wouldn't want to have an accident with your knees
Libertarian police
I was shooting heroin and reading “The Fountainhead” in the front seat of my privately owned police cruiser when a call came in. I put a quarter in the radio to activate it. It was the chief.
“Bad news, detective. We got a situation.”
“What? Is the mayor trying to ban trans fats again?”
“Worse. Somebody just stole four hundred and forty-seven million dollars’ worth of bitcoins.”
The heroin needle practically fell out of my arm. “What kind of monster would do something like that? Bitcoins are the ultimate currency: virtual, anonymous, stateless. They represent true economic freedom, not subject to arbitrary manipulation by any government. Do we have any leads?”
“Not yet. But mark my words: we’re going to figure out who did this and we’re going to take them down … provided someone pays us a fair market rate to do so.”
“Easy, chief,” I said. “Any rate the market offers is, by definition, fair.”
He laughed. “That’s why you’re the best I got, Lisowski. Now you get out there and find those bitcoins.”
“Don’t worry,” I said. “I’m on it.”
I put a quarter in the siren. Ten minutes later, I was on the scene. It was a normal office building, strangled on all sides by public sidewalks. I hopped over them and went inside.
“Home Depot™ Presents the Police!®” I said, flashing my badge and my gun and a small picture of Ron Paul. “Nobody move unless you want to!” They didn’t.
“Now, which one of you punks is going to pay me to investigate this crime?” No one spoke up.
“Come on,” I said. “Don’t you all understand that the protection of private property is the foundation of all personal liberty?”
It didn’t seem like they did.
“Seriously, guys. Without a strong economic motivator, I’m just going to stand here and not solve this case. Cash is fine, but I prefer being paid in gold bullion or autographed Penn Jillette posters.”
Nothing. These people were stonewalling me. It almost seemed like they didn’t care that a fortune in computer money invented to buy drugs was missing.
I figured I could wait them out. I lit several cigarettes indoors. A pregnant lady coughed, and I told her that secondhand smoke is a myth. Just then, a man in glasses made a break for it.
“Subway™ Eat Fresh and Freeze, Scumbag!®” I yelled.
Too late. He was already out the front door. I went after him.
“Stop right there!” I yelled as I ran. He was faster than me because I always try to avoid stepping on public sidewalks. Our country needs a private-sidewalk voucher system, but, thanks to the incestuous interplay between our corrupt federal government and the public-sidewalk lobby, it will never happen.
I was losing him. “Listen, I’ll pay you to stop!” I yelled. “What would you consider an appropriate price point for stopping? I’ll offer you a thirteenth of an ounce of gold and a gently worn ‘Bob Barr ‘08’ extra-large long-sleeved men’s T-shirt!”
He turned. In his hand was a revolver that the Constitution said he had every right to own. He fired at me and missed. I pulled my own gun, put a quarter in it, and fired back. The bullet lodged in a U.S.P.S. mailbox less than a foot from his head. I shot the mailbox again, on purpose.
“All right, all right!” the man yelled, throwing down his weapon. “I give up, cop! I confess: I took the bitcoins.”
“Why’d you do it?” I asked, as I slapped a pair of Oikos™ Greek Yogurt Presents Handcuffs® on the guy.
“Because I was afraid.”
“Afraid?”
“Afraid of an economic future free from the pernicious meddling of central bankers,” he said. “I’m a central banker.”
I wanted to coldcock the guy. Years ago, a central banker killed my partner. Instead, I shook my head.
“Let this be a message to all your central-banker friends out on the street,” I said. “No matter how many bitcoins you steal, you’ll never take away the dream of an open society based on the principles of personal and economic freedom.”
He nodded, because he knew I was right. Then he swiped his credit card to pay me.
I'm starting to think that this guy might not understand how economies work.
But he had the best bankruptcies, beautiful bankruptcies, everbody said say, many woman said "no more bankruptcies, they are too great", believe me!
He doesn't have to. The goal of Trump is simple: exert power. He doesn't care who gets hurt in the process so long as his base sees him as their God (intentionally using the capital G here).
The guy owned casinos that went bankrupt. It takes a special kind of person to do that
Who was the ex member of his team that said he was in the room when people tried to explain tariffs to Trump and he clearly didn't understand them, he just likes them based on his misunderstanding of them...
I'm sure he believes that other countries are paying the tariffs and it's money going to the US federal coffers...
He seems to consider them in a vacuum.
"Prices rise, but that's only a temporary problem for plebs refusing to buy American. Once US manufacturing catches up, they will buy American and all is well."
That is of course incomplete and ignores the very real problem of manufacturing PARTS and raw resources also being affected. If not by Trumps tariffs, then by retaliatory ones from other countries. It also squashes your own export market. All of that together will leave prospective American factory bosses with a choice: Will they build a factory in the US and deal with higher prices and less customers, or will they build a factory in India, where they can export to every country on this planet (except the US but who cares) and have quick and cheap access to Chinese and Russian raw resources and a cheap labor pool?
Is that.. is that a portrait of Reagan on the wall behind him? The man has no concept of irony..
It feels so gross upvoting a picture and quote from Reagan.
Agreed. But this is a stopped clock situation, and the sentiment is not wrong.
Truth is truth, no matter the source.
you're upvoting an even worse than Reagan meme
Trump: worship me
Auto makers: you literally fucked us all over.
Trump: and I expect you to thank me for it.
At least they’re wearing suits, am I right?
So he's basically telling the other billionaires to eat the cost of the tariff themselves and NOT pass them on to the consumer.
Trump really is stupid enough to start biting the hands that gave him his current position, all because Musk tells him to.
How great would it be if he somehow accidentally killed car dealerships
Don’t raise prices ! Just sell at a loss ! How hard could it be ?
Not sure what we should expect when the advice is coming from a "businessman" who's art of the deal has been to bankrupt 6 or 7 businesses...
Let's do some overly simplistic bad economics just for fun. Let's suppose that the American car companies are not hurt by the tariffs because those only target foreign car companies. Now all the foreign cars are 25% more expensive. This raises the demand for domestic cars. If the domestic car companies are trying to make money, they will jack up their prices 24%. And what are we told? Something about how they have duty to their shareholders? ... Donald is having fun living in his dream world.
I hope the car makers said ‘thank you’
unions support the move as a job creator
... until manufacturers go bankrupt
unions
Article only says the UAW, which has more retired members than it does active, and a pathetically small percentage of the active automotive workforce.
I’m not super well versed in “healthy union demographics”, but a quick wikipedia perusal says the three largest US unions (National education association, service employee international union, and the american federation of state, county, and municipal employees) have between 2-15% retirees.
Something tells me the UAW is just led by chuds but what do I know?
I thought that couldn't be true, but yeah, you're right. Over 400,000 active members and more than 580,000 retired members. Odd.
Why’s he so utterly obsessed with tariffs? Like he thinks they just fix everything. It’s so stupid.
Usually, it takes Congress to agree on something to raise taxes on the working class. With tariffs, he can do it by himself like a real dictator would.
If nothing else, I look forward to the history books and a tragicomedy documentary about...everything, really.
I want to be there when the students ask “”why didn’t the ones with the guns to protect against tyranny use them”.
He's such an abysmally bad politician. Bungler. He's ruining the country.
He was put in to sabotage the US both internally and globally. That doesn't require him to be a good politician, just a relentless, brutal wrecker.
Don't worry guys, he "saved them" by eliminating subsidies for EVs. That fad is clearly going away, and by gutting the American auto industry's ability to grow their EV market share, we'll clearly be poised for global dominance. Obviously the rest of the world LOVES smog and HATES silent/emissions free vehicles and will FLOCK to ICE cars that are priced the same as Chinese EVs.
Yeah... that's not how that works. He's shitting on us and blaming everyone else for it
Can you say "economic collapse".
The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.
All is going according to plan.
While the United Auto Workers union support the move as a job creator
Yeah, I bet the Canadian members of the UAW will be stoked to hear this
The United Auto Workers(UAW), […] that represents workers in the United States (including Puerto Rico) and southern Ontario, Canada
Yeah, good luck with that. He has lost what little business sense he had
He's a dementia riddled old man who shits in diapers. What do you expect?
This, again, shows the enormous reaches of stupidity that Trump fills.
Ugh, I hate this timeline, where a whole lot of people, countries, and organizations are trying to avoid incurring the wrath of a complete dipshit and total baby named donvict.
Keep this up and we might even get to see America starting a state-run car company. This'll be great to watch. 🍿
Capitalism at work, shithead. Get fucked