I liked the are we cooked analogy. Since you seem to agree the U.S. is at least partially “cooked” I’m not clear how you “uncook” the damage to date. Assuming the destruction of US economic, legal, and political infrastructure stopped today, who would trust the US in the future? Other governments? Companies? Investors? Citizens? Try sending back that medium well steak at a restaurant next time and insist they turn it into tartare.
“I should acknowledge that you caught me during a week of vacation in Southern Utah, where the weather is gorgeous and the rocks are magnificent. It’s hard to see us being cooked this week. If you ask me next week when I’m back in the office, I might have a different view on the situation.”
Great article written for the woke left. I read your stuff Jordan to hear the left side of events. Sometimes it is hard for me to read and try to listen to, but I do.
I will place my bets on Trump, Bessent and team. Bessent knows the markets and especially the bonds markets. I don't think anyone can game or sell wolf-tickets to Bessent. I don't think anyone knows the bond markets like he does.
This was all coming anyway. This present economic system was broken, corrupt, and stayed its life span longer by 25 years than it should have. With or without Trump it was going away, one way or another.
I understand a lot of monied interest are going to lose money and status in this new system, but it is what it is.
I hope, and root for, Scot Bessent to come through with his talk, "Wall St had the last 40 years, now it is Main St's turn." I'm placing my bets with Bessent.
A smart China would abolish patents or at least tax patents and copyrights out of existence. The US is an ageing post-industrial economy living on offshore royalties. It grew rich copying British inventions without payment.
Peter Harrell pointed out that, while research funding at federal agencies is reduced, there is still a lot of ongoing research activity in the private industry, and thus it's not all doom and gloom. While I'd like to share his optimism, unfortunately the Trump administration's aggressive villification of skilled migrants (especially those from China) is going to drastically reduce the USA's ability to attract research talent. For example, it says here that graduates from Chinese universities "constitute 38% of top experts in America" in AI: https://asia.nikkei.com/Business/Technology/Artificial-intelligence/Graduates-of-Chinese-universities-drive-AI-research-in-U.S With the Trump administration's openly anti-China rhetoric, do you think skilled migrants will still want to move to or stay in the US? What's the good of having funding if you don't have the people needed to do the work?
I liked the are we cooked analogy. Since you seem to agree the U.S. is at least partially “cooked” I’m not clear how you “uncook” the damage to date. Assuming the destruction of US economic, legal, and political infrastructure stopped today, who would trust the US in the future? Other governments? Companies? Investors? Citizens? Try sending back that medium well steak at a restaurant next time and insist they turn it into tartare.
" Try sending back that medium well steak at a restaurant next time and insist they turn it into tartare." love this
God, I hope we can pull through this together. Thank you for the informative and thoughtful conversation.
thank you! as long as we dream like wolves!!
That may, in fact, help a little bit! And a little bit of kindness and compassion.
I appreciate your efforts.
“I should acknowledge that you caught me during a week of vacation in Southern Utah, where the weather is gorgeous and the rocks are magnificent. It’s hard to see us being cooked this week. If you ask me next week when I’m back in the office, I might have a different view on the situation.”
love this man
1776, 1861, 1917, 1929, 1941, 1963, 1968, 2001, 2025
We are lucky enough to have lived experience of 2025.
In 25 or 50 or 100 years historians and
writers of all stripes will want to know about 2025,
another year that everyone will remember for its
singular event in history - when the US gave up
the "shining city on a hill," the last best hope of
mankind, the leading scientific and technological
country for the prior 150 years, the leading economy
of the last hundred years, the proudest
achievement of the Enlightenment, the one
country that - even now- people clamor to come to,
the place that said "Give me your tired, your poor,
your huddled masses yearning to breathe free."
And to be fair to the US, we didn't get beaten. We just ... retired.
But it difficult to see anything but https://en.wikipedia.org/wiki/The_East_is_rising_and_the_West_is_declining.
If you wish, you can peruse the report from the Australian Strategic Policy Institute
ASPI’s two-decade Critical Technology Tracker that finds China leading in 57 of 64
tech fields.
Great article written for the woke left. I read your stuff Jordan to hear the left side of events. Sometimes it is hard for me to read and try to listen to, but I do.
I will place my bets on Trump, Bessent and team. Bessent knows the markets and especially the bonds markets. I don't think anyone can game or sell wolf-tickets to Bessent. I don't think anyone knows the bond markets like he does.
This was all coming anyway. This present economic system was broken, corrupt, and stayed its life span longer by 25 years than it should have. With or without Trump it was going away, one way or another.
I understand a lot of monied interest are going to lose money and status in this new system, but it is what it is.
I hope, and root for, Scot Bessent to come through with his talk, "Wall St had the last 40 years, now it is Main St's turn." I'm placing my bets with Bessent.
A smart China would abolish patents or at least tax patents and copyrights out of existence. The US is an ageing post-industrial economy living on offshore royalties. It grew rich copying British inventions without payment.
Peter Harrell pointed out that, while research funding at federal agencies is reduced, there is still a lot of ongoing research activity in the private industry, and thus it's not all doom and gloom. While I'd like to share his optimism, unfortunately the Trump administration's aggressive villification of skilled migrants (especially those from China) is going to drastically reduce the USA's ability to attract research talent. For example, it says here that graduates from Chinese universities "constitute 38% of top experts in America" in AI: https://asia.nikkei.com/Business/Technology/Artificial-intelligence/Graduates-of-Chinese-universities-drive-AI-research-in-U.S With the Trump administration's openly anti-China rhetoric, do you think skilled migrants will still want to move to or stay in the US? What's the good of having funding if you don't have the people needed to do the work?