you guys all get that trump is intentionally tanking not just the US economy but also the global economy in order to create the conditions for large corporations and their primary stakeholders to buy back stock and take over more businesses, right?
this is about wealth redistribution—when economies fail or even falter the rich get richer and the poor get poorer
hell—it’s even beneficial for many billionaires/ millionaires to have the stocks they own decrease in value—yes, temporarily they lose wealth. but if they can leverage the lower stock prices in order to acquire more stock they then gain a higher amount of control over a company and a larger share of the profits going forwards
elon musk has, quite famously, intentionally tweeted things that caused a reduction in tesla’s stocks so he could buy back shares—he was investigated for this by the IRS and FBI because it is technically fraud (if provable)
i know it’s easy to joke about how stupid these men are “haha trump doesn’t know what tariffs do”
and yeah—these are not particularly clever men. they have more or less one skill set (business, fraud, con artistry) and they are fairly good at that while being terrible at everything else (to be fair, it is not hard to be good at business or being a con artist. it’s pretty damn easy actually—you rely on other people to behave in good faith while you rob them blind. that’s it)
i’m not saying this is some brilliant or genius move
what i am saying is it is such a basic, nakedly obvious maneuver with very clear intent and results
(many others have made similar moves. tanking the US economy in order to consolidate wealth and power in the ruling class is practically an all-american pastime at this point. but they usually at least try to hide what they’re orchestrating and what their motivations are)
they are counting on you seeing this as pure chaos born from ignorance rather than “controlled chaos” or whatever stupid shit republicans and ultra wealthy finance and policy wonks are calling their malfeasance these days
“haha trump is making america isolationist and ruining the economy there”—yeah. no fucking shit captain obvious. that’s the goal
isolationist economies don’t hurt billionaires and capitalists that much in the long run, though they may take a hit intially—they just make them the biggest fish in a small pond—allowing them to make the smallest fish in that pond with them suffer more than they were to begin with
