Comment on Fund managers worry about Trump’s mental state amid tariff debacle
humanspiral@lemmy.ca 4 weeks ago
It’s more that the plan was based on overconfidence in US exceptionalism and power, and gross misunderstanding of Navarro’s stupidity. Like propaganda that west is stronger than Russia militarily, and sanctions would cause Russians to be as stupid as the west’s gullible population, instead of extremely determined to defend themselves. Tarrifs on the world combined with military threats to allies creates the same determination against US, and the illusion that the US is more powerful than China is something that disappears when reality is tested. The illusion that the US has any economic sustainability or strength at all, gets tested.
It’s all about plans that are based on lies, and the propagandized belief of those lies, must adjust to reality.