I’m not American so I don’t really know what’s going on. It seems that people, especially on this website, can’t see anything Trump says or does as a positive because he isn’t on their team. But he certainly has said and done things that are right or a positive at least for some people. Can’t just disagree with someone for the sole reason you don’t like him.

But economics is complicated. For example trade barriers make things more expensive and could increase jobs or decrease them. Or more accurately increase in some areas and decrease in others. No one knows what’s going to happen for sure, even looking back people disagree on what has happened.

But I personally think there has been too much emphasis on GDP growth around the western world and lower business costs rather than increasing discretionary income and jobs for lowest earners. So policies that are weighted for that rather than businesses I see as net gain at the moment.

Do you want things to be cheaper or wages to be higher (especially wages for those in low wage jobs).

There were ideals about competitive advantage. But the whole economy has been undercut by lower wages elsewhere that things got cheaper but not because of increases in productivity in the economy so wages went down.

There are a lot of pressure to deflate wages with free trade and immigration. But things that increase wages like market forces and limited labour aren’t really a factor anymore.

Making things again would be taxes on imports, free education, tax breaks for RandD and investment. Also subsidies and blocks on exporting IP and knowledge.

You guys are really bad at understanding basic economy theory.

It works on supply and demand and assumes that everyone works rationally and with full knowledge.

The invisible hand of the market finding the optimal solution is basically the 0th law of capitalism.

Now economic policy, you’ll be amazed to understand is about fixing inefficiencies that do not allow for optimal conditions. Tonnes of people go learn about what are the issues with capitalism and how to make it better, that’s what economic testing is about. That’s why it’s better than socialism because it’s competitive and strives for change.

If people are forced to work for poverty wages then they are losing their true value and capitalism would be about trying to fix that value. If everyone had UBI that would equate the negotiating position of workers and they wouldn’t have to take poverty wages. That’s why UBI is the capitalist solution to that problem in capitalism. It allows to market to work the way economists want it to work.

Haha I have a degree in economics. That why I can see all the shit you tankies write as just plain wrong.

But I’m sure your youtube video on Karl Marx makes you an expert on these things.

People don’t use words as absolutes. America is largely referred to as a capitalist country. My saying that isn’t incorrect. But you can argue technicalities of words all you want, communism sucks or (mixed economies heavily leaning to communism sucks).

Capitalism depends on the threat of homelessness to function.

No it doesn’t

UBI is also a great idea within socialist economies, where there would be no force against it.

Maybe. But socialism is a stupid inefficient system, so it’s a non starter.

UBI works very well with the market based capitalist system. That’s where I think it will shine.

UBI is the perfect capitalist solution to the majority of problems. It should allow for less market distortion and could have some really interesting outcomes.

I’m very excited to see a first world country use UBI.

That an externalities can go a long, long way in this world.