At our Yale Chief Executive Leadership Institute forum, over 100 business leaders said what they really think. They’re worried Trump is eroding America’s future.
At our Yale Chief Executive Leadership Institute forum, over 100 business leaders said what they really think. They’re worried Trump is eroding America’s future.
This is exactly what they voted for, and the fact that they can’t understand that proves to me that all these financial and business wizards are actually bumbling foolish idiots.
Every semi smart person alive knew all this before the last election, but scared children lead the way.
They voted for it but they figured they could control Trump like he was a well trained monkey. Turns out it was a senile gorilla set to smash.
Eh. I think they hoped that Trump would be more like his first term; wildly incompetent so he couldn’t implement much change except preventing certain government actions.
I don’t think the business leaders were expecting actual fascism, even if they should have realized this after January 6.
Not necessarily, they could’ve voted for Harris. This is exactly what they lobbied and abused the working class for decades for. Which was voting with their obscenely large wallets, now that I think about it.
Yeah IDK.
It’s certainly true that everyone, including economists, have been saying that tariffs are going to be terrible. If anything, the implementation has been far less terrible than everyone thought.
However, I don’t think that these CEOs necessarily thought that tariffs were going to increase profits. Corporations have a way of socialising the bad and taking advantage of the good. So in some ways they always benefit from change, including chaos.
For example, and this was alluded to in the article, if you could stock up before the tariffs took effect, then you can increase prices and sell the goods you bought with out tariffs at the tariffed price. Even after you run out of pre-tariff stock, it’s the consumers who are paying the tariffs, and it can’t last forever, and all your competitors have the same context.
The final step isnt buying on an equal footing as your competitors, its paying a bribe to be tariff exempt, then continuing to sell at tariff inclusive pricing.
The whole tariff scheme was designed as a way to price smaller competitors out of the market, allowing consolidation of market share by the wealthy, while providing cover for price hikes against consumers. Just like covid proce hikes, If trump abandoned tariffs today, very few products would return to their prior pricings.