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#Collapse

22 posts16 participants1 post today

“We’re stepping into the most pro-growth, pro-business, pro-American administration I’ve perhaps seen in my adult lifetime,” gushed the hedge fund manager Bill Ackman in December...

“You don’t get fired for being bullish, but you do get fired for being bearish on Wall Street,” said Berezin.
#finance #trade #tariffs #macroeconomics #Trumpism #collapse #psychology #groupthink #rationality #biases #logic #reasoning
nytimes.com/2025/04/07/opinion

The New York Times · Opinion | Why Did Wall Street Get Trump So Wrong?By Michelle Goldberg
Replied to SPQR

Mao sent his young party cadres to attack “anyone who could think — ruling elites such as Deng Xiaoping, college professors, engineers, writers and journalists, doctors, etc. He wanted to dumb down the entire population so that he could rule easily and forever,” the former official wrote. “Sounds a bit similar with what is going on in the U.S.? I hope not.”
#Trumpism #economics #collapse #fascism #tariffs
nytimes.com/2025/04/03/opinion

The New York Times · Opinion | Trump Just Bet the FarmBy Thomas L. Friedman

‘Water Is the New Oil’ as Texas Cities Square Off Over Aquifer Pipelines

lemmy.world/post/27818384

lemmy.world‘Water Is the New Oil’ as Texas Cities Square Off Over Aquifer Pipelines - Lemmy.WorldIn Central Texas, a bitter fight over a $1 billion water project offers a preview of the future for much of the state as decades of rapid growth push past the local limits of its most vital natural resource. On one side: Georgetown, the fastest growing city in America for three years straight, which in 2023 signed a contract with an investor-funded enterprise to quickly begin importing vast volumes of water from the Simsboro Formation of the Carrizo Wilcox Aquifer, 80 miles to the east. On the other side: the cities atop the Simsboro that rely on its water. Bryan, College Station and the Texas A&M University System, a metro area with almost 300,000 people, have sued a local regulator to stop the project. A trial is set for the first week of May. District manager Alan Day feels for the cities of Bryan and College Station. To an extent, he said, they are right. The more pumping from the aquifer, the sooner everyone will reach conditions of scarcity, though he doesn’t think it will happen as quickly as city leaders say. At the same time, he said, “Bryan can’t claim the water.” Groundwater is a private property right in Texas as sacred as any other. Everyone is allowed to pump whatever their land produces. “Water is the new oil,” said Day, a former ranch manager of 27 years. “They have a commodity that can be sold and they have every right to sell it.”

The three worst presidents in US history (Herbert Hoover, George W. Bush, and Donald Trump) were all hailed for their business background and skills. Time to retire the trope that businessmen know anything about running nation states.
#economics #depression #recession #collapse #macroeconomics #USpolitics #leadership #vandals #nihilism
washingtonpost.com/politics/20

The Washington Post · Inside President Trump’s whirlwind decision to blow up global tradeBy Natalie Allison

Il y a un demi-siècle (1972) que nous savons que la #croissance a ses limites.
Insouciants et grands adorateurs du tout-au-capitalisme à l'américaine, nous avons persévéré dans la gabegie #économique et le pillage #environnemental plutôt que de gérer proactivement la #décroissance.
Nous voilà aujourd'hui, non pas à la croisée des chemins, mais au pied du mur:

c'est le #Collapse ‼️

Yesss ✌️

Ah meeeerde, ça finit en #guerre mondiale ce genre de conneries humaines.

Bah, qui vivra verra...

Replied to SPQR

“We have lots of bad economic policy in the world, but we’ve never seen anything this amateur or purposely destructive at the national level from a G7 economy,” says Gillezeau. “I think that there are pretty reasonable odds they cast themselves into another Great Depression, right?”
#depression #Canada #economics #collapse #USpolitics
thestar.com/politics/federal/d

Toronto Star · Bruce Arthur: Donald Trump has pushed America into a golden age of stupid. Now’s Canada’s chance to be smartBy Bruce Arthur

i'd have A LOT more respect for the #collapse folks if you just said what you feel, which is you want the western world order to break before it breaks the biosphere.

ffs i even agree with that. you have any idea just how many people feel you on that?

BUT IT'S NOT A PLAN!

There are people who think Trump is smart.

“There has certainly been no piece of trade policy in my lifetime that is at this level of stupidity, right?” said Rob Gillezeau, an assistant professor of economic analysis and policy at the University of Toronto. “It’s not grounded in anything intelligent. Like, they’re kind of just like ignoring economics altogether.”
#collapse #trade #Canada #tariffs #economics #USpolitics
thestar.com/politics/federal/d

Toronto Star · Bruce Arthur: Donald Trump has pushed America into a golden age of stupid. Now’s Canada’s chance to be smartBy Bruce Arthur