Energy per capita continues to degrade.
BS.
Energy per capita continues to degrade.
JuanP wrote:I just want to clarify that I don't think Trump is responsible for the coming economic crisis.
ExactlyCog wrote:Trump has personally never went bankrupt.
"I have used the laws of this country just like the greatest people that you read about every day in business have used the laws of this country, the chapter laws, to do a great job for my company, my employees, myself and my family,” Trump said in August 2015.
The New York Times, which conducted an analysis of regulatory reviews, court records and security filings, found otherwise, however. It reported in 2016 that Trump "put up little of his own money, shifted personal debts to the casinos and collected millions of dollars in salary, bonuses and other payments."
"The burden of his failures," according to the newspaper, "fell on investors and others who had bet on his business acumen."
JuanP wrote:I think Trump may be aggravating the economic situation for the world, in general, and the USA, in particular, but I don't see him as the cause.
JuanP wrote:So, Pops, are you saying that the coming economic crisis wouldn't have happened if Trump wasn't president or that Trump is making things worse, but not necessarily causing the crisis. I think Trump may be aggravating the economic situation for the world, in general, and the USA, in particular, but I don't see him as the cause. The cause, IMO, is that today's global financial system is unsustainable because it is based on debt and continuous growth. Also, if Trump is slowing growth he may be actually buying time before it all blows up.
JuanP wrote:I also think that economies need to become more local and resilient and less global and based on JIT supply chains. I would prefer to have more self sufficient and less "efficient" economies, so I think trade tariffs may end up being good in the long run. I don't discount the temporary suffering implied by the process to get us there, thoug, but I think that are current situatio is completely unsustainable and a great degree of suffering is unavoidable at this point.
Newfie wrote:Juan,
But the Chineeee apparently didn’t find the 1 child policy all that hurtful because apparently very, very few are taking advantage of the extra liberty. Also, there were already a lot of loop holes and exceptions. The goal was to halt their population at 700 million by 2050 I think. They are now about 1,200 millions.
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