zlacker

>>tedsan+(OP)
The US appears to be fully in the grips of centralized economic autarky. A tiny coterie of industrialists who have the President's ear decide how to allocate a gigantic amount of capital for their pet projects while the state raises tariffs and implements bans to protect them from competition.

Didn't go well for South America in the 60s and 70s but perhaps, as economists are prone to saying, "this time will be different".

>>rchaud+592
Private capital. That detail seems to derail your whole comment.

>>ahmene+Sm2
> > Private capital

Groupthink capital, directed by mostly 2 "thought leaders".

Economies don't like Groupthink Capital, regardless of it being private, public or a combination of the 2

Of course the US economy as a whole is huge so even billions can be absorbed, once you start talking about half a trillion though...

>>Jumpin+QJ2
Not to mention justifying further tax cuts for this tiny sliver of billionnaires so they can continue to "take risks to innovate".