JLW
Diamond Member
- Sep 16, 2012
- 18,281
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A generation ago conventional wisdom held that as China liberalized, its economy would come to resemble Americaās. Instead, capitalism in America is starting to look like China.
Recent examples include President Trumpās demand that Intelās chief executive resign; the 15% of certain chip sales to China that Nvidia and Advanced Micro Devices will share with Washington; the āgolden shareā Washington will get in U.S. Steel as a condition of Nippon Steelās takeover; and the $1.5 trillion of promised investment from trading partners Trump plans to personally direct.
There is a reason I call MAGA, Red MAGA. Trump is emulating China and their state capitalism. This a wake up call where trump is taking us.
Recent examples include President Trumpās demand that Intelās chief executive resign; the 15% of certain chip sales to China that Nvidia and Advanced Micro Devices will share with Washington; the āgolden shareā Washington will get in U.S. Steel as a condition of Nippon Steelās takeover; and the $1.5 trillion of promised investment from trading partners Trump plans to personally direct.
There is a reason I call MAGA, Red MAGA. Trump is emulating China and their state capitalism. This a wake up call where trump is taking us.