(Drivebycuriosity) - There is a lot ado about President Trump`s extreme tariff hikes. I agree. Tariffs are bad and the escalating global trade war is doing a lot damage. I would prefer a world without tariffs, discriminating import taxes and prohibitions. I would like to live in a world with free trade. I explained the advantages of trade in this post.
Unfortunately neither the European Union, nor China are free traders. All want to protect their producers with tariffs and other restrictions. Unfortunately Trump´s measures are making the situation much worse.
But in the period 2021-2024 the Biden administration practiced an anti-business policy by punishing and harming successful corporations. Two powerful administrations, the Federal Trade Commission (FTC) and the Antitrust Division of the Department of Justice (DOJ), aimed to control America´s corporations and they tried to gain authority over their businesses ( driveby).
But it seems the public did not notice. Almost nobody was aware that the FTC and the DOJ threw sand into the gears of the US economy and tried to force their ideology on American businesses. I wrote tons of blog posts about this (for instance new-antitrust ). But the damage done by the Biden administration did not get much public attention.
The contradictory public perception reminds me of the metaphor of the frog and the boiling water. If the animal sits in water which gets slowly heated till it boils, the animal does not notice, it stays and gets killed. But if a frog is thrown into boiling water, it jumps out and saves itself.
Trump`s trade war is the boiling water, every reasonable person wants to jump out, but Biden´s damaging regulations were almost unnoticed.
No comments:
Post a Comment