Davos attendees carry satchels to Summit meetings
I can't express my feeling about the Davos Economic Summit, currently performing it's annual circus, better than Joseph Stiglitz:
I'm trying to imagine a policy level definition of some of the economic chaos generated in the last weeks. There isn't one, not that the Dow Jones isn't loving every minute of it. But what sort of policy combines:
“They are now licking their lips,” said Joseph Stiglitz, the Nobel laureate economist. “Davos Man has been able to overlook Trump’s ‘America First’ rhetoric, his anti-climate-change action, his protectionism, nativism, racism, bigotry, narcissism, misogyny, for the lucre that seems to be the true motivating force behind Davos Man.”Indeed...
I'm trying to imagine a policy level definition of some of the economic chaos generated in the last weeks. There isn't one, not that the Dow Jones isn't loving every minute of it. But what sort of policy combines:
- bonuses paid by Walmart based on some tax change--
- tarifs slapped on random goods (this week's list includes foreign-made washing machines and solar panels. I assume Trump played golf with some one in the roofing and some one in the appliance industry last week.)--
- random switches back and forth on various groups of dark skinned people--today you're in, tomorrow you're out (guys--if you gave these people citizenship the tax revenues from their work would balance the budget. Instead, you've got 30% of our economy at risk based on whether one idiot got a good night sleep).
Comments
Post a Comment