It’s a complete admission that privatization is worse than public investment. It’s the largest condemnation of neoliberalism that I have ever heard from a world leader. It’s also probably the most accurate thing Trump has ever said. It is ABSOLUTELY cheating when you can build goods services and infrastructure at cost without needing to skim ever increasing amounts of profit off the top, and that’s why EVERY COUNTRY IN THE WORLD SHOULD DO IT. Why is the entire Western world completely and totally committed to doing things the hard way when even Trump clearly understands that public investment is better?
Public investment gives countries an edge, an edge the US no longer has because we refuse to do any public investment whatsoever. So yeah it’s totally “cheating”. SO DO IT. Go cheat. Use all the money the US has to do heaps of public investment and keep American economic hegemony for decades to come.
Or, you know, just take your ball and go home because the rest of the world has figured out that governments can actually invest in their countries and that’s “cheating.”
Trump basically just agreeing with Marxist observations about how goods and services are produced, and then coming to the most hilarious wrong conclusion around what to do about it is peak American neoliberalism and I can’t stop thinking about it and laughing about it.
Anyway that’s it that’s the post.
spoiler
The American economy from the perspective of the worker is like that one long shot in Goodfellas when Ray Liotta is just handing out 20s to every person he sees between the door and his table, but in reverse. You draw your paycheck and suddenly a million
line up to take it from you