Our very stupid trade deals have bled millions of jobs from US to China. China in some instances took nigh entire sectors away from us (Hello, manufacturing).
God bless President Donald Trump for addressing the dragon in the room (dragon seems more China-appropriate than elephant). In two years he has revamped many trade deals and reversed much of this awful job outsourcing trend.
But many of those jobs – are today’s and tomorrow’s jobs. Eventually, more and more manufacturing will be automated. (Though I am highly dubious of any major robot takeovers any time soon.)
We are now in the very early stages of the Information Economy. Where more and more the tangible will give way to the intangible. We must also keep China from dominating that sphere. (more…)
“The reasons Apple’s iPhone (and iPad are) at all interesting – are the patented ideas developed by American company Qualcomm….
“Were it not for Qualcomm’s inventions – Apple’s $1,000 iPhone X would be little more than a skinny rotary phone….
“(F)or years and years – through generation after generation of iPhone – Apple has signed all sorts of contracts with Qualcomm. Promising under penalty of law to pay Qualcomm for the use of Qualcomm’s patented ideas. (more…)
For people not steeped in American cinematic history – Duck Soup:
“The country of Freedonia is in the middle of a financial crisis and on the brink of revolution….(T)he government appoints Rufus T Firefly as its president. However, Mr Firefly shuns the pomp and pretentiousness of government; along with the prudence and rationality of it too.”
I’ve again and again thought of this flick – ever since Donald Trump was elected President. It’s as if we’ve chosen Rufus T. Firefly.
A man who sees government and all its attending nonsense – for the giant, incompetent, rolling ridiculousness it is.
Every time someone complains about something Trump does that they deem “isn’t presidential” – I think of President Firefly. (And of the fact that Trump is President – and thus everything he does is presidential.)
Because Trump has incepted an all-encompassing debate: Do we care more about style – or substance. (more…)
Like most people, the mysterious world of digital currencies remains for the most part…well, a bit of a mystery.
I’ve occasionally dived into some readings on cryptocurrencies – and found the water to be a little chilly. I do get the basic gist. And I certainly understand the desire to end run governments – with their very greedy hands and very nosy noses.
I ask you now to contemplate…government contemplating cryptocurrencies.
Facebook kingpin Mark Zuckerberg recently appeared before the United States Senate. The Senators’ questions for him about his website were…fairly basic. Rudimentary.
Ok – a bunch of Senators sounded REALLY goofy and uninformed. About a Web platform that has been around for nearly two decades – operating a business model VERY common to the Internet.
Can you imagine these government officials – ANY government officials – attempting to grapple with digital money? (more…)
The federal government spends a whopping four trillion dollars per year. And prior to the Donald Trump Administration’s most overdue and much appreciated mass regulatory reductions – the federal government regulated at a compliance cost of two trillion dollars per year.
That’s six trillion dollars per year worth of power – lorded over a country whose per annum Gross Domestic Product (GDP) is $20 trillion. The Feds held sway over 30% of our nation’s entire economic activity.
Which is, of course, obscene. And when The Feds wield that much influence – the influence peddling is just as massive.
It’s a federal firing squad. Armed with machine guns. Aimed at We the Taxpayers.
It’s a really nasty vicious circle. Politicians want campaign cash to get elected. Cronies want large chunks of the money politicians take from us in taxes.
With four trillion dollars a year to throw around – the return on crony investment is extraordinary. (more…)