Comment by Braxton1980
6 hours ago
>Market economy
The recent massive increase in the US governments direct and indirect involvement in business decisions changes things.
Trump is pushing/forcing countries and companies to invest in the US. He's added more restrictions on who they can sell their products. New significant widespread tariffs also exist that forces businesses to decide on how they can handle it while being pressured not to raise prices.
Government involvement in business decisions, even if indirect, is not a market economy. In a true market economy supply and demand should determine prices and businesses and consumers make the decisions on their respective side.
There's also background pressure on businesses to avoid angering Trump and this affects their decision making process.
>attracting talent, innovation,
Trump raised the fee for H1Bs, blocked student visas from 19 countries, and revoked 100k visas for people who were here as students, business reasons, vacation, and other. He also is removing legal status from many groups.
His inflammatory rhetoric and actions have harmed the international reputation of the US. There's also a prevalent anti-immigrant mood in the US and a much smaller
This decreases the pool of people who can choose to come here and for that smaller amount it increases the probability that smart and innovative people may look elsewhere to either study or start a company.
There are also those that had legal status, lost it, and must leave. These are another set of groups that could have contained some talented and innovative people.
Talented immigrants have done so much for our economy and standing in the world. ----
He cut government funding for many scientific research endeavors and government programs. These may or may not be replaced by private industry. It's justified to cut waste as government spending is a problem but speed and extent of the cuts makes it questionable if a proper assessment was done.
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I'm sure you can point to similar actions in the past but I believe the quantity, speed, and intensity are significantly different than in recent times.
I'm also not arguing that some changes weren't justified. I just believe it's a clear change in the ingredients for the worse.
> Government involvement in business decisions, even if indirect, is not a market economy. In a true market economy supply and demand should determine prices and businesses and consumers make the decisions on their respective side.
This is true but not a novelty. The US has been doing all kinds of things to harm its markets for decades, e.g. artificially constraining the housing supply, using tax incentives and manipulating interest rates to goose consumer spending and in the process drive up consumer debt, and let's not even get into all the ways it molests the healthcare market.
That isn't to say that they're good -- those markets are very messed up -- but things like this are bad, not new.
> Trump raised the fee for H1Bs, blocked student visas from 19 countries, and revoked 100k visas for people who were here as students, business reasons, vacation, and other.
The H1B program has been widely abused for a while now and in general the US is in need of significant immigration reform. Many of the things Trump does are stupid, because of course they are, but the general premise of "hey wasn't this supposed to be for researchers and scientists rather than mechanic-level IT work" seems to have something to it here.
You can't say we're importing the best and brightest while also doing everything possible to make it so that someone who is a doctor in another country with a world-class medical system has to basically start over from scratch in order to be a doctor in the US.
And then people will have much to criticize about what Trump is doing. But okay then, so do something better instead of all the doing nothing that was happening before.
> It's justified to cut waste as government spending is a problem but speed and extent of the cuts makes it questionable if a proper assessment was done.
It clearly wasn't. The problem is we need some kind of structural reform -- a system that doesn't allow wasteful programs to accumulate and increase in number over time -- but that would require a functioning Congress, which has instead been doing everything it can for decades to abdicate their role to the executive branch. Which has term limits and therefore the attention span of a goldfish for those kinds of structural problems, and then we end up back in the situation where either no attempt is made to fix it or the attempt is amateur hour because it's attempting a contextual fix to a structural problem.