alt Hacker NewsThe 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".
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this is private capital. yes, we are in an era of big projects and big capital deployment. is that synonymous with centralized autarky? i don’t agree
The effectiveness of policies is influenced by your starting position. South America is relatively poor. The United States is the best positioned country in the world by a long shot.
Apples to oranges comparison. The problem set is completely different regarding your doom example of South America.
Compared to China?
And it never is.
Tariffs are a negotiating tactic. Read Art of the Deal and that outlines how Trump negotiates.
It will be different (and as another commentor pointed out, it probably always has been), because the adults are back it charge, thankfully.
Private capital. That detail seems to derail your whole comment.