Live updates: Trump announces sweeping tariffs
-
Some of the architects who helped win the second American civil war say yes:
Firstly, it is essential to squash the democratic myth that a state ‘belongs’ to the citizenry. The point of neo-cameralism is to buy out the real stakeholders in sovereign power, not to perpetuate sentimental lies about mass enfranchisement. Unless ownership of the state is formally transferred into the hands of its actual rulers, the neo-cameral transition will simply not take place, power will remain in the shadows, and the democratic farce will continue.
So, secondly, the ruling class must be plausibly identified. It should be noted immediately, in contradistinction to Marxist principles of social analysis, that this is not the ‘capitalist bourgeoisie’. Logically, it cannot be. The power of the business class is already clearly formalized, in monetary terms, so the identification of capital with political power is perfectly redundant. It is necessary to ask, rather, who do capitalists pay for political favors, how much these favors are potentially worth, and how the authority to grant them is distributed. This requires, with a minimum of moral irritation, that the entire social landscape of political bribery (‘lobbying’) is exactly mapped, and the administrative, legislative, judicial, media, and academic privileges accessed by such bribes are converted into fungible shares. Insofar as voters are worth bribing, there is no need to entirely exclude them from this calculation, although their portion of sovereignty will be estimated with appropriate derision. The conclusion of this exercise is the mapping of a ruling entity that is the truly dominant instance of the democratic polity. Moldbug calls it the Cathedral.
The formalization of political powers, thirdly, allows for the possibility of effective government. Once the universe of democratic corruption is converted into a (freely transferable) shareholding in gov-corp. the owners of the state can initiate rational corporate governance, beginning with the appointment of a CEO. As with any business, the interests of the state are now precisely formalized as the maximization of long-term shareholder value. There is no longer any need for residents (clients) to take any interest in politics whatsoever. In fact, to do so would be to exhibit semi-criminal proclivities. If gov-corp doesn’t deliver acceptable value for its taxes (sovereign rent), they can notify its customer service function, and if necessary take their custom elsewhere. Gov-corp would concentrate upon running an efficient, attractive, vital, clean, and secure country, of a kind that is able to draw customers. No voice, free exit.
-
Cambodia be like
-
I’m not sure that’s any better, as traders and news have a whole night to digest it now. It might’ve seemed less bad with just an hour (before the next controversy consumes the cycle).
-
Probably fucking subsidized instead, though I didn’t see specifics about fossil fuels
-
The tiny scale artists still have to buy supplies. And eat, and pay rent.
Don’t forget, this is a regressive tax, and small craft workers tend to be poor.
Their prices will go up as much. It may even be worse for them, in aggregate, even if selling more of their stuff.
-
Bingo.
It’s true in many roundabout ways, but the math adds up to “break for billionaires.”
Like, it’s full of nepotism, too. Take the discrete tax on automobiles and auto parts: I'll give you one guess on who that benefits.
-
Smells like Smoot-Hawley up in this bitch.
-
Most headlines I see are going with 10%, which is a big understatement.
It’s because they’re run by billionaires. Even liberal, big outlets harp on cultural issues to redirect focus.
-
Fewer people in the US are going to want to spend that much on a plushy. Unemployment is going to rise under Trump. There will be increased costs for needs and less cash for wants. But we will probably have continued inequality, so if a small scale artist can sell to rich people, they may do well.
-
Who gets to keep the nukes?
-
They’ll try to spin it in tomorrows finance news, so it may be sharp but not as sharp as it should be.
-
But....he's still racist right? Because that's all I care about. Making sure it's still okay to be racist.
-
-
Imagine he's golfing and a fucking engine block of a 1982 Buick Regal comes sailing through the air from 200 meters.
One can only dream.
-
This gold from wallstreetbets:
Soooo is the tariffs charged to the United States really a ratio of the trade imbalance?? For example Vietnam imported roughly 14.6 billion in goods from the United States, and we imported around 146 billion, so thus they have decided tariffs are 90% to the United States…thus we are putting a tariff on them of half of that…which means we are literally tariffing the goods we either a)need more or b) get more efficiently at a higher rate?
That may be the absolute dumbest way to create a tariff policy I could imagine if that is the case…which it looks to be.https://old.reddit.com/r/wallstreetbets/comments/1jpzhje/tariff_chart_released/ml476s7/
-
With hundreds of millions of high powered weapons floating around?
You bet!! ᕕ(ᐛ)ᕗ
-
Nah, that ship has sailed. They'll never cut diplomatic ties, because why would they?
They've already decided they need to come together to live in a world without the US... They're already making trade deals and new defense pacts, they're already planning around us
-
He saw how much support Poilievre lost after he praised him, so now Mr Big Brain is trying reverse psychology.