Here's another interesting opinion. What do you think?
--Kim
We're well and truly in the middle of a trade war now.
And on the losing end of it.
If you want to win a trade war, you gotta have something to trade that other side wants. And we're in a trade war with the very people who make all the things WE want.
You're not going to win that.
This is what happens when you elect a businessman to run government like a business.
The rich get richer, but the only thing trickling down to us is a massive increase in the price of guillotines.
___
Now, when I said the above this morning elsewhere on social media, and anytime I mention the stupidity of electing a businessman to run government like a business, it become obvious in the first few responses that some of you really aren't getting this.
Trump is NOT a failure as a businessman.
Far from it.
In fact, in modern American business terms Trump is an extremely successful businessman.
Trump is the Holy Grail of American business.
See, you're thinking of days long gone when businessmen built companies to last, to pass down to their children, some sort of family legacy.
Those days, such as they ever actually existed, are long past.
That's NOT success as defined by American business today.
You point to where Trump went bankrupt and had numerous failed business ventures, but the part you're missing is that HE never lost a penny.
No matter his many failures, business misadventures, and bankruptcies, Donald Trump only got richer.
Because it wasn't HIS money.
In America, failed business doesn't equal failed businessMAN.
Let me give you an example: American businessman John Thain was the last CEO of Merrill Lynch & Co. I say "last" because he vaporized trillions of dollars and presided over the company's implosion during the financial crisis of 2008. Tens of thousands of his employees ended up on the street. Millions of investors were left penniless. Merrill Lynch, a hundred year old investment firm went bust, ceased to exist, and sold off for parts to Bank of America. And John Thain somehow got a $10 million bonus, was hired on by BOA to run the remains of the company he destroyed, and then cashed out for many more millions and went on to TEACH American business for millions and millions mores dollars.
This guy presided over one of the most spectacular business failures in modern history and yet somehow he just got richer and is today regarded as the model of an American businessman.
Great work, if you can get it.
That's the lesson the rich learned from the Great Depression: NEVER, EVER, risk your own money.
And they NEVER do.
When Trump went bust, it was other people's money he lost, the bank's money, the investors' money, YOUR money. NEVER his money.
When the banks fail, when the economy implodes because the wealthy engaged in chicanery yet again, it's NEVER the rich who have to bail out the country, it's always -- ALWAYS -- the poor and middleclass.
In the terms defined by modern American business models, Trump is wildly successful.
America gives him money just for his name.
His NAME is his wealth.
If he loses any money, it's YOUR money, not his. YOU lose but HE just gets richer. Those stupid golden sneakers? He got paid up front, for his name, the manufacturer is the one taking risk. Same with the Crypto. Same with the NFTs. Same with the casinos. Same with the hotels. Same with it all.
Never risk your own money.
That's an option for the rich. Not you.
This IS modern American business. We train CEOs to be predators. CEOs have no investment in a company beyond immediate profit. Their responsibility isn't to quality or customers or the future, it's to the shareholder right now today. That is the ONLY vision they have. Most of them don't even know what the company makes, if it makes anything. That's why business schools call it "product." It could be anything from cars to baby food to iPhones. Doesn't matter, it's "product." The ONLY thing that matters is instantaneous shareholder value and the CEO's cash out bonus.
And after they cash out, they move on to the next company and the next "product." Serial Predators.
If you look at how Trump operates, his utter obvious greed, his complete lack of morals, his disdain for any long term consequences, his monomaniacal focus on profit and power NOW here today, and his absolute hatred of anything that might rein in his avarice, THAT is the epitome of American Business. Clear cut, strip mine, drill Baby drill, dump your pollution in the ditch and let somebody else clean it up, not my problem so long as I'm getting rich.
Trump doesn't give a shit about his children, because he doesn't plan on leaving them anything. Not money. Not power. Not a world to live in. He's not founding a dynasty. If they get something, whatever. If they don't, whatever. Trump is concerned with one thing and one thing only: Trump.
THAT is American business.
THAT is exactly what we teach business students.
THAT is what we reward business for -- and reward them handsomely. Profit Profit Profit and to hell with the future.
By THAT definition, Trump is a wildly successful American businessman.
And THAT is what we elected to run our country.
And that's exactly what you're seeing right now. He might destroy the company, ur, COUNTRY, but he and his friends will come out all the richer for it.
Just like the Russian oligarchs did.
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