Small modular nuclear reactors may end up being a good idea, but they have problems. They require more shielding overall compared to one big reactor. As of yet, they haven’t been built with more speed. They produce energy less efficiently than one big reactor.
When countries like China focus on heavily investing, initially it works well because they invest in productive things and this grows their economy. However, later, they run out of that many productive things to invest in, in which case they are robbing their citizens of consumption and outcompeting other countries’ manufacturing, but not gaining much actual new productive benefits. This leads to debt.
Bilateral tariffs like Trump is doing don’t work. The U.S. has a huge deficit because it consumes more than it exports. A global tariff could work by making goods more expensive and incentivizing people to consume, now relatively cheaper, domestic products. Bilateral tariffs just mean Americans will import cheap goods from country C and D instead of the heavily tariffed countries A and B.
Getting foreigners to invest in the U.S. hurts the U.S.. The U.S. has plenty of capital to invest and doesn’t need more. Additional investment means driving up the dollar, making U.S. goods less competitive internationally, and hurting U.S. exports.
China has debt to support investment. The U.S. has debt to support consumption. The system is out of whack and needs adjustment.
The administration says they are targeting the worst of the worst in their illegal immigration crackdown, but the facts are, they are sweeping up lots of people whose only crime was illegally immigrating.
Much of politics and punditry is performative lies. I’m not sure why these people think their falsity is okay, but they gain money, fame, and power with their bullshit.
Somalis in Minnesota were involved in fraudulent welfare schemes that stole a buttload of money from the U.S. government. Minnesota state officials were getting wind of the crimes, but failed to act in part because they feared being called racist in the post-George Floyd environment. Instead of seriously thinking about how to crack down on such schemes, Trump responded by calling all Somalis trash and saying he doesn’t want any Somalis in the country.
The F-35 is vastly superior to the Gripen E. By comparison, the Gripen E is the budget choice. If the goal is to limit dependence on the mercurial United States, the Gripen is dependent on American parts.
Calling a political opponent a communist is silly. Not even the Soviet Union or China called themselves communist. They called themselves socialist. Communism is when the productive surplus is controlled by the workers themselves. The government owning a business and deciding what to do with a surplus is just a government elite controlling the surplus instead of an owner or manager elite. Communism would be not a government elite or capitalist elite controlling the surplus, but the workers controlling the surplus. The socialist governments were supposed to be a transition phase to true communism. The closest things to this might be cooperatives where the workers also own the business, although those are done within a larger capitalist system.
“Trump said the administration was officially terminating Biden’s “ridiculous” CAFE (corporate average fuel economy) rules, claiming car prices would come down in response to today’s action. Automakers are now required to meet an average of 34.5 mpg across their model fleet by 2031, a dramatic drop from the average of 50.4 mpg across 2031 that the Biden administration had proposed.”
“The U.S. Bureau of Labor Statistics’ jobs report last month showed there were 6,000 fewer manufacturing jobs in October, despite nonfarm payrolls increasing by 119,000. The slip in factory roles have brought the tally of lost manufacturing jobs since Trump’s April tariff push to 59,000, according to the data.
Laura Ullrich, director of economic research at the Indeed Hiring Lab, told Fortune the shrinking manufacturing sector is, in part, a result of tariffs disproportionately hitting intermediate goods, which are products used in the process of creating a finished good. This can hike up production costs, forcing companies to slash headcount. Pantheon Macroeconomics analysts Samuel Tombs and Oliver Allen similarly said in September that shrinking wage growth was a result of tariff-hit companies trying to maintain margins amid rising input costs.”
“As Trump sees it, broadcasters have a legal obligation to treat him fairly. And if they fail to do so, he thinks, they should lose the licenses that allow them to transmit programming over “free airwaves from the United States government.” That position reflects Trump’s general antipathy toward freedom of the press, which he seems to view as a privilege subject to government approval rather than a right guaranteed by the Constitution.”